ETHEREUM - ETH/USD - 1H - Technical analysis published on 03/02/2024 (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
56%
17%
28%
My opinion
Bullish above 3,303.75 USD
My targets
3,452.37 USD (+0.65%)
3,521.87 USD (+2.67%)
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/USD as long as the price remains well above 3,303.75 USD. The buyers' bullish objective is set at 3,452.37 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3,521.87 USD. If there is any crossing, the next objective would be the resistance located at 4,176.00 USD. 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
5.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM - ETH/USD rating 3,430.18 USD. On the day, this instrument lost -0.17% with the lowest point at 3,398.57 USD and the highest point at 3,461.70 USD. The deviation from the price is +0.93% for the low point and -0.91% for the high point.3,398.57
3,461.70
3,430.18
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ETHEREUM - ETH/USD indicates that the overall trend is strongly bullish. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,015.18 | 3,132.64 | 3,303.75 | 3,430.18 | 3,452.37 | 3,521.87 | 4,176.00 |
| Change (%) | -12.10% | -8.67% | -3.69% | - | +0.65% | +2.67% | +21.74% |
| Change | -415.00 | -297.54 | -126.43 | - | +22.19 | +91.69 | +745.82 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 3,254.75 | 3,297.96 | 3,366.95 | 3,410.16 | 3,479.15 | 3,522.36 | 3,591.35 |
| Camarilla | 3,405.08 | 3,415.36 | 3,425.65 | 3,435.93 | 3,446.22 | 3,456.50 | 3,466.79 |
| Woodie | 3,267.63 | 3,304.41 | 3,379.83 | 3,416.61 | 3,492.03 | 3,528.81 | 3,604.23 |
| Fibonacci | 3,297.96 | 3,340.82 | 3,367.30 | 3,410.16 | 3,453.02 | 3,479.50 | 3,522.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,560.97 | 2,664.09 | 2,827.69 | 2,930.81 | 3,094.41 | 3,197.53 | 3,361.13 |
| Camarilla | 2,917.95 | 2,942.40 | 2,966.85 | 2,991.30 | 3,015.75 | 3,040.20 | 3,064.65 |
| Woodie | 2,591.22 | 2,679.21 | 2,857.94 | 2,945.93 | 3,124.66 | 3,212.65 | 3,391.38 |
| Fibonacci | 2,664.09 | 2,765.97 | 2,828.92 | 2,930.81 | 3,032.69 | 3,095.64 | 3,197.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,291.19 | 1,765.61 | 2,553.96 | 3,028.38 | 3,816.73 | 4,291.15 | 5,079.50 |
| Camarilla | 2,995.06 | 3,110.81 | 3,226.57 | 3,342.32 | 3,458.07 | 3,573.83 | 3,689.58 |
| Woodie | 1,448.17 | 1,844.09 | 2,710.94 | 3,106.86 | 3,973.71 | 4,369.63 | 5,236.48 |
| Fibonacci | 1,765.61 | 2,247.99 | 2,546.00 | 3,028.38 | 3,510.76 | 3,808.77 | 4,291.15 |
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): | 54.04 | |
| MACD (12,26,9): | 1.4700 | |
| Directional Movement: | 2.12 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 3,426.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,435.93 | |
| Elder Ray (13): | 8.40 | |
| Super Trend (3,10): | 3,475.03 | |
| Zig ZAG (10): | 3,431.21 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 55.49 | |
| TEMA (21): | 3,423.42 | |
| Williams %R (14): | -35.74 | |
| Chande Momentum Oscillator (20): | -1.45 | |
| Repulse (5,40,3): | 0.3100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.69 |
| MA7: | 3,304.25 | |
| MA20: | 3,016.15 | |
| MA50: | 2,636.56 | |
| MA100: | 2,446.43 | |
| MAexp7: | 3,425.51 | |
| MAexp20: | 3,424.78 | |
| MAexp50: | 3,411.88 | |
| MAexp100: | 3,358.76 | |
| Price / MA7: | +3.81% | |
| Price / MA20: | +13.73% | |
| Price / MA50: | +30.10% | |
| Price / MA100: | +40.21% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.54% | |
| Price / MAexp100: | +2.13% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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