ETHEREUM - ETH/USD
ETHEREUM - ETH/USD
3,252.22 USD (-0.81%)
01/21/2025 - 07:30 Open Real time data - Cryptocompare
Open: 3,279.91
Change: -26.70
Volume: 30,015
Low: 3,201.81
High: 3,285.99
High / Low range: 84.18
Type: Cryptocurrencies
Ticker: ETHUSD
ISIN:

ETHEREUM - ETH/USD - 1H - Technical analysis published on 07/16/2024 (GMT)

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  • 07/16/2024 - 20:05
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  • Timeframe : 1H
  • - Analysis generated on 07/16/2024 - 20:05
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 3,369.24 USD
My targets
3,521.87 USD (+1.36%)
3,694.71 USD (+6.33%)
My analysis
The basic bullish trend is very strong on ETHEREUM - ETH/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 3,369.24 USD. Crossing the first resistance at 3,521.87 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 3,694.71 USD as an objective. Crossing it would then enable buyers to target 3,886.31 USD. Caution, a return to below 3,369.24 USD would be a sign of a consolidation phase in the short-term basic trend. 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 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
7.9

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 Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ETHEREUM - ETH/USD rating is 3,474.67 USD. The price registered a decrease of -0.32% on the session and was traded between 3,349.13 USD and 3,498.96 USD over the period. The price is currently at +3.75% from its lowest and -0.69% from its highest.

3,349.13
3,498.96
3,474.67

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Created with Raphaël 2.3.0-250255075100January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner for higher/lower results shows an item:

Central Records

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 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals 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 probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 3,174.11 3,270.78 3,369.24 3,474.67 3,521.87 3,694.71 3,886.31
Change (%) -8.65% -5.87% -3.03% - +1.36% +6.33% +11.85%
Change -300.56 -203.89 -105.43 - +47.20 +220.04 +411.64
Level Intermediate Intermediate Minor - Intermediate Minor 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
Standard3,054.183,144.423,315.093,405.333,576.003,666.243,836.91
Camarilla3,414.023,437.943,461.853,485.773,509.693,533.603,557.52
Woodie3,094.413,164.533,355.323,425.443,616.233,686.353,877.14
Fibonacci3,144.423,244.083,305.663,405.333,504.993,566.573,666.24


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,536.622,680.322,928.553,072.253,320.483,464.183,712.41
Camarilla3,069.003,104.933,140.853,176.783,212.713,248.633,284.56
Woodie2,588.892,706.452,980.823,098.383,372.753,490.313,764.68
Fibonacci2,680.322,830.042,922.533,072.253,221.973,314.463,464.18


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,508.982,875.543,154.143,520.703,799.304,165.864,444.46
Camarilla3,255.333,314.473,373.613,432.753,491.893,551.033,610.17
Woodie2,465.012,853.553,110.173,498.713,755.334,143.874,400.49
Fibonacci2,875.543,121.993,274.253,520.703,767.153,919.414,165.86

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
Created with Raphaël 2.3.0Buy15
Moving averages
Created with Raphaël 2.3.0Buy25

RSI (14): 65.68
MACD (12,26,9): 24.3500
Directional Movement: 14.27
AROON (14): 57.14
DEMA (21): 3,464.93
Parabolic SAR (0,02-0,02-0,2): 3,368.38
Elder Ray (13): 29.73
Super Trend (3,10): 3,371.73
Zig ZAG (10): 3,475.94
VORTEX (21): 0.9900
Stochastique (14,3,5): 79.00
TEMA (21): 3,456.17
Williams %R (14): -13.93
Chande Momentum Oscillator (20): 95.44
Repulse (5,40,3): 0.7000
ROCnROLL: 1
TRIX (15,9): 0.1000
Courbe Coppock: 0.64
MA7: 3,244.65
MA20: 3,230.91
MA50: 3,462.13
MA100: 3,343.56
MAexp7: 3,452.12
MAexp20: 3,431.01
MAexp50: 3,371.37
MAexp100: 3,293.73
Price / MA7: +7.09%
Price / MA20: +7.54%
Price / MA50: +0.36%
Price / MA100: +3.92%
Price / MAexp7: +0.65%
Price / MAexp20: +1.27%
Price / MAexp50: +3.06%
Price / MAexp100: +5.49%

Quotes : 07/16/2024 - 20:05 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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