ETHEREUM - ETH/USD - Weekly - Technical analysis published on 02/04/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
61%
22%
My opinion
Bearish under 3,665.62 USD
My targets
1,935.56 USD (-32.04%)
1,790.53 USD (-37.13%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for ETHEREUM - ETH/USD as long as the price remains well below 3,665.62 USD. The next bearish objective for sellers is set at 1,935.56 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,790.53 USD. In case of crossing, the next objective would be the support located at 306.28 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 1,935.56 USD. With this support, against the trend traders who want to buy ETHEREUM - ETH/USD on a buy signal from their trading strategy should not hesitate to act.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
1.8
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This analysis was given by ph1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM - ETH/USD rating 2,848.09 USD. The price registered an increase of +9.54% over 5 days and has been traded over the last 5 days between 2,479.70 USD and 2,814.36 USD. This implies that the 5 day price is +14.86% from its lowest point and +1.20% from its highest point.2,479.70
2,814.36
2,848.09
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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:
Technical
Technical analysis of ETHEREUM - ETH/USD in Weekly shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back under 0
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Weekly
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
White morning star
Type : Bullish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 306.28 | 1,790.53 | 2,763.12 | 2,848.09 | 4,176.00 | 4,811.25 |
| Change (%) | -89.25% | -37.13% | -2.98% | - | +46.62% | +68.93% |
| Change | -2,541.81 | -1,057.56 | -84.97 | - | +1,327.91 | +1,963.16 |
| Level | Minor | Major | Major | - | 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 | 2,459.39 | 2,518.62 | 2,607.34 | 2,666.57 | 2,755.29 | 2,814.52 | 2,903.24 |
| Camarilla | 2,655.37 | 2,668.94 | 2,682.50 | 2,696.06 | 2,709.62 | 2,723.18 | 2,736.75 |
| Woodie | 2,474.14 | 2,525.99 | 2,622.09 | 2,673.94 | 2,770.04 | 2,821.89 | 2,917.99 |
| Fibonacci | 2,518.62 | 2,575.14 | 2,610.05 | 2,666.57 | 2,723.09 | 2,758.00 | 2,814.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,701.74 | 1,930.94 | 2,265.51 | 2,494.71 | 2,829.28 | 3,058.48 | 3,393.05 |
| Camarilla | 2,445.03 | 2,496.71 | 2,548.39 | 2,600.07 | 2,651.75 | 2,703.43 | 2,755.11 |
| Woodie | 1,754.42 | 1,957.28 | 2,318.19 | 2,521.05 | 2,881.96 | 3,084.82 | 3,445.73 |
| Fibonacci | 1,930.94 | 2,146.30 | 2,279.35 | 2,494.71 | 2,710.07 | 2,843.12 | 3,058.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 205.50 | 1,182.82 | 1,935.56 | 2,912.88 | 3,665.62 | 4,642.94 | 5,395.68 |
| Camarilla | 2,212.52 | 2,371.11 | 2,529.70 | 2,688.29 | 2,846.88 | 3,005.47 | 3,164.06 |
| Woodie | 93.20 | 1,126.68 | 1,823.26 | 2,856.74 | 3,553.32 | 4,586.80 | 5,283.38 |
| Fibonacci | 1,182.82 | 1,843.71 | 2,252.00 | 2,912.88 | 3,573.77 | 3,982.06 | 4,642.94 |
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): | 42.65 | |
| MACD (12,26,9): | -26.8800 | |
| Directional Movement: | -12.73 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 3,521.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,238.57 | |
| Elder Ray (13): | -695.56 | |
| Super Trend (3,10): | 4,412.58 | |
| Zig ZAG (10): | 2,839.24 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 16.86 | |
| TEMA (21): | 3,135.34 | |
| Williams %R (14): | -74.99 | |
| Chande Momentum Oscillator (20): | -1,790.78 | |
| Repulse (5,40,3): | 1.2900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.0300 | |
| Courbe Coppock: | 33.90 |
| MA7: | 2,700.43 | |
| MA20: | 2,728.74 | |
| MA50: | 3,290.79 | |
| MA100: | 3,817.77 | |
| MAexp7: | 3,117.27 | |
| MAexp20: | 3,421.99 | |
| MAexp50: | 2,948.03 | |
| MAexp100: | 2,187.94 | |
| Price / MA7: | +5.47% | |
| Price / MA20: | +4.37% | |
| Price / MA50: | -13.45% | |
| Price / MA100: | -25.40% | |
| Price / MAexp7: | -8.64% | |
| Price / MAexp20: | -16.77% | |
| Price / MAexp50: | -3.39% | |
| Price / MAexp100: | +30.17% |
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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