ETHEREUM - ETH/USD
ETHEREUM - ETH/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: ETHUSD
ISIN:

ETHEREUM - ETH/USD - 1H - Technical analysis published on 09/10/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 2,312.50 USD
My targets
2,412.93 USD (+2.92%)
2,490.19 USD (+6.21%)
My analysis
ETHEREUM - ETH/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2,312.50 USD. The next resistance located at 2,412.93 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2,490.19 USD. After this resistance, buyers could then target 2,563.56 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7

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

Additional analysis

Quotes

The ETHEREUM - ETH/USD price is 2,344.55 USD. The price registered a decrease of -0.66% on the session and was between 2,335.53 USD and 2,360.73 USD. This implies that the price is at +0.39% from its lowest and at -0.69% from its highest.

2,335.53
2,360.73
2,344.55

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

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 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,151.26 2,242.13 2,312.50 2,344.55 2,412.93 2,490.19 2,563.56
Change (%) -8.24% -4.37% -1.37% - +2.92% +6.21% +9.34%
Change -193.29 -102.42 -32.05 - +68.38 +145.64 +219.01
Level Minor Minor Intermediate - Major Intermediate Minor



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
Standard2,187.612,230.312,295.152,337.852,402.692,445.392,510.23
Camarilla2,330.422,340.272,350.132,359.992,369.852,379.712,389.56
Woodie2,198.682,235.852,306.222,343.392,413.762,450.932,521.30
Fibonacci2,230.312,271.392,296.772,337.852,378.932,404.312,445.39


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,682.871,917.062,095.172,329.362,507.472,741.662,919.77
Camarilla2,159.892,197.682,235.482,273.272,311.062,348.862,386.65
Woodie1,654.821,903.042,067.122,315.342,479.422,727.642,891.72
Fibonacci1,917.062,074.562,171.872,329.362,486.862,584.172,741.66


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard956.651,559.462,036.252,639.063,115.853,718.664,195.45
Camarilla2,216.142,315.102,414.072,513.032,611.992,710.962,809.92
Woodie893.631,527.961,973.232,607.563,052.833,687.164,132.43
Fibonacci1,559.461,971.872,226.662,639.063,051.473,306.263,718.66

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): 56.23
MACD (12,26,9): 13.0900
Directional Movement: 7.67
AROON (14): 42.86
DEMA (21): 2,354.09
Parabolic SAR (0,02-0,02-0,2): 2,328.79
Elder Ray (13): 2.12
Super Trend (3,10): 2,300.80
Zig ZAG (10): 2,342.03
VORTEX (21): 1.1000
Stochastique (14,3,5): 65.54
TEMA (21): 2,357.20
Williams %R (14): -34.74
Chande Momentum Oscillator (20): 0.85
Repulse (5,40,3): -0.1800
ROCnROLL: -1
TRIX (15,9): 0.0900
Courbe Coppock: 3.15
MA7: 2,330.75
MA20: 2,492.41
MA50: 2,704.73
MA100: 3,064.23
MAexp7: 2,346.81
MAexp20: 2,336.68
MAexp50: 2,318.85
MAexp100: 2,324.25
Price / MA7: +0.59%
Price / MA20: -5.93%
Price / MA50: -13.32%
Price / MA100: -23.49%
Price / MAexp7: -0.10%
Price / MAexp20: +0.34%
Price / MAexp50: +1.11%
Price / MAexp100: +0.87%

Quotes : - Real time data - Cryptocompare

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

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