ETHEREUM - ETH/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETHUSDT
ISIN:

ETHEREUM - ETH/USDT - 1H - Technical analysis published on 10/12/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

33%

39%

28%

My opinion

Bullish above 2,411.10 USDT

My targets

2,472.48 USDT (+1.10%)

2,521.05 USDT (+3.09%)

My analysis

The bullish trend is currently very strong on ETHEREUM - ETH/USDT. As long as the price remains above the support at 2,411.10 USDT, you could try to benefit from the boom. The first bullish objective is located at 2,472.48 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,521.05 USDT as an objective. Crossing it would then enable buyers to target 2,882.08 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

5.5

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 Jaber300. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ETHEREUM - ETH/USDT rating 2,445.46 USDT. The price registered an increase of +0.25% on the session and was between 2,434.27 USDT and 2,451.40 USDT. This implies that the price is at +0.46% from its lowest and at -0.24% from its highest.

2,434.27

2,451.40

2,445.46

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,352.73	2,411.10	2,441.51	2,445.46	2,457.54	2,472.48	2,521.05
Change (%)	-3.79%	-1.41%	-0.16%	-	+0.49%	+1.10%	+3.09%
Change	-92.73	-34.36	-3.95	-	+12.08	+27.02	+75.59
Level	Minor	Major	Minor	-	Minor	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,301.35	2,341.72	2,390.58	2,430.95	2,479.81	2,520.18	2,569.04
Camarilla	2,414.89	2,423.07	2,431.25	2,439.43	2,447.61	2,455.79	2,463.97
Woodie	2,305.59	2,343.84	2,394.82	2,433.07	2,484.05	2,522.30	2,573.28
Fibonacci	2,341.72	2,375.81	2,396.87	2,430.95	2,465.04	2,486.10	2,520.18

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,882.23	2,096.29	2,255.45	2,469.51	2,628.67	2,842.73	3,001.89
Camarilla	2,311.99	2,346.20	2,380.41	2,414.62	2,448.83	2,483.04	2,517.26
Woodie	1,854.79	2,082.57	2,228.01	2,455.79	2,601.23	2,829.01	2,974.45
Fibonacci	2,096.29	2,238.86	2,326.94	2,469.51	2,612.08	2,700.16	2,842.73

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,683.02	1,917.15	2,259.68	2,493.81	2,836.34	3,070.47	3,413.00
Camarilla	2,443.62	2,496.48	2,549.34	2,602.20	2,655.06	2,707.92	2,760.78
Woodie	1,737.21	1,944.25	2,313.87	2,520.91	2,890.53	3,097.57	3,467.19
Fibonacci	1,917.15	2,137.44	2,273.53	2,493.81	2,714.10	2,850.19	3,070.47

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.98
MACD (12,26,9):	8.7700
Directional Movement:	8.71
AROON (14):	35.71
DEMA (21):	2,447.98
Parabolic SAR (0,02-0,02-0,2):	2,463.91
Elder Ray (13):	0.07
Super Trend (3,10):	2,409.75
Zig ZAG (10):	2,440.08
VORTEX (21):	1.1200
Stochastique (14,3,5):	28.46
TEMA (21):	2,449.97
Williams %R (14):	-78.74
Chande Momentum Oscillator (20):	2.31
Repulse (5,40,3):	-0.0300
ROCnROLL:	1
TRIX (15,9):	0.0700
Courbe Coppock:	1.19

MA7:	2,419.92
MA20:	2,503.66
MA50:	2,473.61
MA100:	2,730.12
MAexp7:	2,441.01
MAexp20:	2,435.19
MAexp50:	2,423.02
MAexp100:	2,421.13
Price / MA7:	+1.06%
Price / MA20:	-2.32%
Price / MA50:	-1.14%
Price / MA100:	-10.43%
Price / MAexp7:	+0.18%
Price / MAexp20:	+0.42%
Price / MAexp50:	+0.93%
Price / MAexp100:	+1.00%

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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