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 12/13/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

33%

44%

My opinion

Bullish above 3,866.02 USDT

My targets

3,925.69 USDT (+0.84%)

4,014.20 USDT (+3.12%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ETHEREUM - ETH/USDT. As long as you are above the support located at 3,866.02 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 3,925.69 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 4,014.20 USDT as an objective. Crossing it would then enable buyers to target 4,064.95 USDT. If the support 3,866.02 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

2.1

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

Additional analysis

Quotes

The ETHEREUM - ETH/USDT rating is 3,892.89 USDT. The price has increased by +0.26% since the last closing and was traded between 3,855.36 USDT and 3,901.19 USDT over the period. The price is currently at +0.97% from its lowest and -0.21% from its highest.

3,855.36

3,901.19

3,892.89

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

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USDT:

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

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this ETHEREUM - ETH/USDT chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:

RSI indicator is back over 50

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 which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3,616.32	3,719.73	3,866.02	3,892.89	3,925.69	4,014.20	4,064.95
Change (%)	-7.10%	-4.45%	-0.69%	-	+0.84%	+3.12%	+4.42%
Change	-276.57	-173.16	-26.87	-	+32.80	+121.31	+172.06
Level	Minor	Major	Major	-	Minor	Intermediate	Major

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	3,609.27	3,704.01	3,793.33	3,888.07	3,977.39	4,072.13	4,161.45
Camarilla	3,832.04	3,848.92	3,865.79	3,882.66	3,899.53	3,916.40	3,933.28
Woodie	3,606.57	3,702.66	3,790.63	3,886.72	3,974.69	4,070.78	4,158.75
Fibonacci	3,704.01	3,774.32	3,817.76	3,888.07	3,958.38	4,001.82	4,072.13

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,055.50	3,279.96	3,638.31	3,862.77	4,221.12	4,445.58	4,803.93
Camarilla	3,836.38	3,889.80	3,943.23	3,996.65	4,050.07	4,103.50	4,156.92
Woodie	3,122.44	3,313.43	3,705.25	3,896.24	4,288.06	4,479.05	4,870.87
Fibonacci	3,279.96	3,502.60	3,640.14	3,862.77	4,085.41	4,222.95	4,445.58

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,417.64	1,888.77	2,796.26	3,267.39	4,174.88	4,646.01	5,553.50
Camarilla	3,324.63	3,451.00	3,577.38	3,703.75	3,830.12	3,956.50	4,082.87
Woodie	1,635.82	1,997.86	3,014.44	3,376.48	4,393.06	4,755.10	5,771.68
Fibonacci	1,888.77	2,415.40	2,740.76	3,267.39	3,794.02	4,119.38	4,646.01

Numerical data

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

Technical indicators

Moving averages

RSI (14):	50.14
MACD (12,26,9):	10.1200
Directional Movement:	-6.88
AROON (14):	-50.00
DEMA (21):	3,915.05
Parabolic SAR (0,02-0,02-0,2):	3,938.54
Elder Ray (13):	-10.98
Super Trend (3,10):	3,849.34
Zig ZAG (10):	3,886.72
VORTEX (21):	0.9600
Stochastique (14,3,5):	33.82
TEMA (21):	3,892.88
Williams %R (14):	-64.66
Chande Momentum Oscillator (20):	-91.43
Repulse (5,40,3):	0.5300
ROCnROLL:	-1
TRIX (15,9):	0.0900
Courbe Coppock:	2.55

MA7:	3,850.11
MA20:	3,707.62
MA50:	3,214.86
MA100:	2,851.87
MAexp7:	3,891.05
MAexp20:	3,892.27
MAexp50:	3,852.14
MAexp100:	3,832.46
Price / MA7:	+1.11%
Price / MA20:	+5.00%
Price / MA50:	+21.09%
Price / MA100:	+36.50%
Price / MAexp7:	+0.05%
Price / MAexp20:	+0.02%
Price / MAexp50:	+1.06%
Price / MAexp100:	+1.58%

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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