ETHEREUM - ETH/USDT - 1H - Technical analysis published on 07/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 3,271.02 USDT
My targets
3,394.98 USDT (+2.05%)
3,521.93 USDT (+5.87%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ETHEREUM - ETH/USDT as long as the price remains well above 3,271.02 USDT. The buyers' bullish objective is set at 3,394.98 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3,521.93 USDT. If there is any crossing, the next objective would be the resistance located at 3,694.92 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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This analysis was given by chookich. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USDT rating is 3,326.74 USDT. The price registered an increase of +0.27% on the session with the lowest point at 3,283.57 USDT and the highest point at 3,337.96 USDT. The deviation from the price is +1.31% for the low point and -0.34% for the high point.3,283.57
3,337.96
3,326.74
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this ETHEREUM - ETH/USDT chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,196.43 | 3,271.02 | 3,326.60 | 3,326.74 | 3,394.98 | 3,521.93 | 3,694.92 |
| Change (%) | -3.92% | -1.67% | +0.00% | - | +2.05% | +5.87% | +11.07% |
| Change | -130.31 | -55.72 | -0.14 | - | +68.24 | +195.19 | +368.18 |
| Level | Intermediate | Major | Minor | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,114.19 | 3,186.48 | 3,252.20 | 3,324.49 | 3,390.21 | 3,462.50 | 3,528.22 |
| Camarilla | 3,279.98 | 3,292.63 | 3,305.28 | 3,317.93 | 3,330.58 | 3,343.23 | 3,355.88 |
| Woodie | 3,110.92 | 3,184.84 | 3,248.93 | 3,322.85 | 3,386.94 | 3,460.86 | 3,524.95 |
| Fibonacci | 3,186.48 | 3,239.20 | 3,271.77 | 3,324.49 | 3,377.21 | 3,409.78 | 3,462.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,568.23 | 2,828.91 | 3,039.28 | 3,299.96 | 3,510.33 | 3,771.01 | 3,981.38 |
| Camarilla | 3,120.10 | 3,163.28 | 3,206.46 | 3,249.64 | 3,292.82 | 3,336.00 | 3,379.18 |
| Woodie | 2,543.07 | 2,816.33 | 3,014.12 | 3,287.38 | 3,485.17 | 3,758.43 | 3,956.22 |
| Fibonacci | 2,828.91 | 3,008.85 | 3,120.02 | 3,299.96 | 3,479.90 | 3,591.07 | 3,771.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,800.55 | 3,021.95 | 3,230.06 | 3,451.46 | 3,659.57 | 3,880.97 | 4,089.08 |
| Camarilla | 3,320.06 | 3,359.43 | 3,398.80 | 3,438.17 | 3,477.54 | 3,516.91 | 3,556.29 |
| Woodie | 2,793.91 | 3,018.63 | 3,223.42 | 3,448.14 | 3,652.93 | 3,877.65 | 4,082.44 |
| Fibonacci | 3,021.95 | 3,186.02 | 3,287.39 | 3,451.46 | 3,615.53 | 3,716.90 | 3,880.97 |
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): | 51.66 | |
| MACD (12,26,9): | 0.4400 | |
| Directional Movement: | -6.06 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 3,323.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,286.34 | |
| Elder Ray (13): | -1.89 | |
| Super Trend (3,10): | 3,367.10 | |
| Zig ZAG (10): | 3,325.18 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 61.87 | |
| TEMA (21): | 3,314.40 | |
| Williams %R (14): | -31.99 | |
| Chande Momentum Oscillator (20): | 11.28 | |
| Repulse (5,40,3): | 0.6300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.52 |
| MA7: | 3,277.85 | |
| MA20: | 3,341.07 | |
| MA50: | 3,353.57 | |
| MA100: | 3,364.00 | |
| MAexp7: | 3,318.43 | |
| MAexp20: | 3,320.86 | |
| MAexp50: | 3,308.95 | |
| MAexp100: | 3,303.67 | |
| Price / MA7: | +1.49% | |
| Price / MA20: | -0.43% | |
| Price / MA50: | -0.80% | |
| Price / MA100: | -1.11% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.54% | |
| Price / MAexp100: | +0.70% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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