ETHEREUM - ETH/USD - Daily - Technical analysis published on 08/15/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 2,880.64 USD
My targets
2,412.93 USD (-9.52%)
2,120.17 USD (-20.50%)
My analysis
ETHEREUM - ETH/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2,880.64 USD. The next support located at 2,412.93 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2,120.17 USD. Below this support, sellers could then target 1,539.37 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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Additional analysis
Quotes
The ETHEREUM - ETH/USD rating is 2,666.77 USD. The price registered an increase of +0.18% on the session and was traded between 2,590.28 USD and 2,675.61 USD over the period. The price is currently at +2.95% from its lowest and -0.33% from its highest.2,590.28
2,675.61
2,666.77
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ETHEREUM - ETH/USD in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
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 | 1,539.37 | 2,120.17 | 2,412.93 | 2,666.77 | 2,684.20 | 2,880.64 | 3,246.57 |
| Change (%) | -42.28% | -20.50% | -9.52% | - | +0.65% | +8.02% | +21.74% |
| Change | -1,127.40 | -546.60 | -253.84 | - | +17.43 | +213.87 | +579.80 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | 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 | 2,480.86 | 2,558.07 | 2,610.04 | 2,687.25 | 2,739.22 | 2,816.43 | 2,868.40 |
| Camarilla | 2,626.49 | 2,638.33 | 2,650.17 | 2,662.01 | 2,673.85 | 2,685.69 | 2,697.54 |
| Woodie | 2,468.24 | 2,551.76 | 2,597.42 | 2,680.94 | 2,726.60 | 2,810.12 | 2,855.78 |
| Fibonacci | 2,558.07 | 2,607.42 | 2,637.90 | 2,687.25 | 2,736.60 | 2,767.08 | 2,816.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,434.50 | 1,798.39 | 2,204.35 | 2,568.24 | 2,974.20 | 3,338.09 | 3,744.05 |
| Camarilla | 2,398.60 | 2,469.17 | 2,539.74 | 2,610.31 | 2,680.88 | 2,751.45 | 2,822.02 |
| Woodie | 1,455.54 | 1,808.91 | 2,225.39 | 2,578.76 | 2,995.24 | 3,348.61 | 3,765.09 |
| Fibonacci | 1,798.39 | 2,092.47 | 2,274.16 | 2,568.24 | 2,862.32 | 3,044.01 | 3,338.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,109.53 | 2,466.42 | 2,849.15 | 3,206.04 | 3,588.77 | 3,945.66 | 4,328.39 |
| Camarilla | 3,028.49 | 3,096.28 | 3,164.08 | 3,231.88 | 3,299.68 | 3,367.48 | 3,435.28 |
| Woodie | 2,122.45 | 2,472.88 | 2,862.07 | 3,212.50 | 3,601.69 | 3,952.12 | 4,341.31 |
| Fibonacci | 2,466.42 | 2,748.96 | 2,923.51 | 3,206.04 | 3,488.58 | 3,663.13 | 3,945.66 |
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): | 41.04 | |
| MACD (12,26,9): | -163.1000 | |
| Directional Movement: | -16.02 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 2,584.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,251.31 | |
| Elder Ray (13): | -83.28 | |
| Super Trend (3,10): | 3,031.40 | |
| Zig ZAG (10): | 2,670.36 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 46.63 | |
| TEMA (21): | 2,525.82 | |
| Williams %R (14): | -52.22 | |
| Chande Momentum Oscillator (20): | -236.44 | |
| Repulse (5,40,3): | 1.5800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8200 | |
| Courbe Coppock: | 31.83 |
| MA7: | 2,645.61 | |
| MA20: | 2,827.93 | |
| MA50: | 3,104.55 | |
| MA100: | 3,297.31 | |
| MAexp7: | 2,661.32 | |
| MAexp20: | 2,802.34 | |
| MAexp50: | 3,039.20 | |
| MAexp100: | 3,152.79 | |
| Price / MA7: | +0.80% | |
| Price / MA20: | -5.70% | |
| Price / MA50: | -14.10% | |
| Price / MA100: | -19.12% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | -4.84% | |
| Price / MAexp50: | -12.25% | |
| Price / MAexp100: | -15.42% |
Quotes :
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Real time data
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Cryptocompare
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