ETHEREUM - ETH/USD - 1H - Technical analysis published on 06/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 3,521.87 USD
My targets
3,445.58 USD (-1.36%)
3,369.66 USD (-3.53%)
My analysis
There is a bearish trend on ETHEREUM - ETH/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 3,521.87 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 3,445.58 USD. Then the price could move towards 3,369.66 USD. Then 2,880.64 USD by extension. Be careful, a return to above the resistance 3,521.87 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
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
5.7
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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 3,493.13 USD. On the day, this instrument lost -0.03% with the lowest point at 3,485.29 USD and the highest point at 3,519.52 USD. The deviation from the price is +0.22% for the low point and -0.75% for the high point.3,485.29
3,519.52
3,493.13
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM - ETH/USD in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,369.66 | 3,445.58 | 3,483.78 | 3,493.13 | 3,521.87 | 3,573.57 | 3,623.63 |
| Change (%) | -3.53% | -1.36% | -0.27% | - | +0.82% | +2.30% | +3.74% |
| Change | -123.47 | -47.55 | -9.35 | - | +28.74 | +80.44 | +130.50 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | 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 | 3,426.73 | 3,450.52 | 3,472.41 | 3,496.20 | 3,518.09 | 3,541.88 | 3,563.77 |
| Camarilla | 3,481.75 | 3,485.94 | 3,490.12 | 3,494.31 | 3,498.50 | 3,502.69 | 3,506.87 |
| Woodie | 3,425.79 | 3,450.05 | 3,471.47 | 3,495.73 | 3,517.15 | 3,541.41 | 3,562.83 |
| Fibonacci | 3,450.52 | 3,467.97 | 3,478.75 | 3,496.20 | 3,513.65 | 3,524.43 | 3,541.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,077.34 | 3,222.96 | 3,358.63 | 3,504.25 | 3,639.92 | 3,785.54 | 3,921.21 |
| Camarilla | 3,416.96 | 3,442.74 | 3,468.53 | 3,494.31 | 3,520.10 | 3,545.88 | 3,571.67 |
| Woodie | 3,072.38 | 3,220.47 | 3,353.67 | 3,501.76 | 3,634.96 | 3,783.05 | 3,916.25 |
| Fibonacci | 3,222.96 | 3,330.41 | 3,396.79 | 3,504.25 | 3,611.70 | 3,678.08 | 3,785.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,976.03 | 2,418.62 | 3,088.57 | 3,531.16 | 4,201.11 | 4,643.70 | 5,313.65 |
| Camarilla | 3,452.58 | 3,554.56 | 3,656.55 | 3,758.53 | 3,860.51 | 3,962.50 | 4,064.48 |
| Woodie | 2,089.72 | 2,475.46 | 3,202.26 | 3,588.00 | 4,314.80 | 4,700.54 | 5,427.34 |
| Fibonacci | 2,418.62 | 2,843.61 | 3,106.17 | 3,531.16 | 3,956.15 | 4,218.71 | 4,643.70 |
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): | 45.08 | |
| MACD (12,26,9): | -1.3400 | |
| Directional Movement: | -6.08 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 3,499.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,487.99 | |
| Elder Ray (13): | -4.70 | |
| Super Trend (3,10): | 3,520.63 | |
| Zig ZAG (10): | 3,496.72 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 28.04 | |
| TEMA (21): | 3,498.83 | |
| Williams %R (14): | -76.43 | |
| Chande Momentum Oscillator (20): | -15.26 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.23 |
| MA7: | 3,509.83 | |
| MA20: | 3,599.04 | |
| MA50: | 3,473.44 | |
| MA100: | 3,391.22 | |
| MAexp7: | 3,497.77 | |
| MAexp20: | 3,500.60 | |
| MAexp50: | 3,503.57 | |
| MAexp100: | 3,507.83 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | -2.94% | |
| Price / MA50: | +0.57% | |
| Price / MA100: | +3.01% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.42% |
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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