ETHEREUM - ETH/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	ETHUSDT
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ETHEREUM - ETH/USDT - Daily - Technical analysis published on 01/27/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bullish

Technical indicators

22%

50%

28%

My opinion

Neutral between 2,211.03 USDT and 2,411.10 USDT

My targets

My analysis

The short-term decline on ETHEREUM - ETH/USDT remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 2,211.03 USDT. The first resistance is located at 2,411.10 USDT. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ETHEREUM - ETH/USDT rating 2,262.73 USDT. The price registered a decrease of -0.22% on the session with the lowest point at 2,251.60 USDT and the highest point at 2,282.95 USDT. The deviation from the price is +0.49% for the low point and -0.89% for the high point.

2,251.60

2,282.95

2,262.73

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ETHEREUM - ETH/USDT in Daily shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,731.67	1,996.22	2,211.03	2,262.73	2,411.10	2,618.03	2,764.32
Change (%)	-23.47%	-11.78%	-2.28%	-	+6.56%	+15.70%	+22.17%
Change	-531.06	-266.51	-51.70	-	+148.37	+355.30	+501.59
Level	Minor	Major	Major	-	Major	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,128.87	2,162.43	2,215.02	2,248.58	2,301.17	2,334.73	2,387.32
Camarilla	2,243.93	2,251.83	2,259.72	2,267.62	2,275.52	2,283.41	2,291.31
Woodie	2,138.40	2,167.19	2,224.55	2,253.34	2,310.70	2,339.49	2,396.85
Fibonacci	2,162.43	2,195.34	2,215.67	2,248.58	2,281.49	2,301.82	2,334.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,211.84	2,320.50	2,396.29	2,504.95	2,580.74	2,689.40	2,765.19
Camarilla	2,421.36	2,438.26	2,455.17	2,472.08	2,488.99	2,505.90	2,522.80
Woodie	2,195.41	2,312.28	2,379.86	2,496.73	2,564.31	2,681.18	2,748.76
Fibonacci	2,320.50	2,390.96	2,434.49	2,504.95	2,575.41	2,618.94	2,689.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,790.80	1,954.52	2,118.24	2,281.96	2,445.68	2,609.40	2,773.12
Camarilla	2,191.91	2,221.93	2,251.95	2,281.96	2,311.98	2,341.99	2,372.01
Woodie	1,790.80	1,954.52	2,118.24	2,281.96	2,445.68	2,609.40	2,773.12
Fibonacci	1,954.52	2,079.60	2,156.88	2,281.96	2,407.04	2,484.32	2,609.40

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	42.96
MACD (12,26,9):	-21.3900
Directional Movement:	-9.92
AROON (14):	-50.00
DEMA (21):	2,349.80
Parabolic SAR (0,02-0,02-0,2):	2,627.13
Elder Ray (13):	-73.69
Super Trend (3,10):	2,519.42
Zig ZAG (10):	2,265.22
VORTEX (21):	1.0100
Stochastique (14,3,5):	17.74
TEMA (21):	2,287.65
Williams %R (14):	-78.11
Chande Momentum Oscillator (20):	-245.93
Repulse (5,40,3):	0.2100
ROCnROLL:	2
TRIX (15,9):	0.1100
Courbe Coppock:	15.38

MA7:	2,286.08
MA20:	2,425.77
MA50:	2,332.12
MA100:	2,151.97
MAexp7:	2,296.84
MAexp20:	2,357.87
MAexp50:	2,308.65
MAexp100:	2,180.55
Price / MA7:	-1.02%
Price / MA20:	-6.72%
Price / MA50:	-2.98%
Price / MA100:	+5.15%
Price / MAexp7:	-1.49%
Price / MAexp20:	-4.03%
Price / MAexp50:	-1.99%
Price / MAexp100:	+3.77%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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