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
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This analysis was given by Mayvenate. Take part yourself by sharing additional analysis on another time unit:
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.
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 2,187.61 | 2,230.31 | 2,295.15 | 2,337.85 | 2,402.69 | 2,445.39 | 2,510.23 |
Camarilla | 2,330.42 | 2,340.27 | 2,350.13 | 2,359.99 | 2,369.85 | 2,379.71 | 2,389.56 |
Woodie | 2,198.68 | 2,235.85 | 2,306.22 | 2,343.39 | 2,413.76 | 2,450.93 | 2,521.30 |
Fibonacci | 2,230.31 | 2,271.39 | 2,296.77 | 2,337.85 | 2,378.93 | 2,404.31 | 2,445.39 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,682.87 | 1,917.06 | 2,095.17 | 2,329.36 | 2,507.47 | 2,741.66 | 2,919.77 |
Camarilla | 2,159.89 | 2,197.68 | 2,235.48 | 2,273.27 | 2,311.06 | 2,348.86 | 2,386.65 |
Woodie | 1,654.82 | 1,903.04 | 2,067.12 | 2,315.34 | 2,479.42 | 2,727.64 | 2,891.72 |
Fibonacci | 1,917.06 | 2,074.56 | 2,171.87 | 2,329.36 | 2,486.86 | 2,584.17 | 2,741.66 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 956.65 | 1,559.46 | 2,036.25 | 2,639.06 | 3,115.85 | 3,718.66 | 4,195.45 |
Camarilla | 2,216.14 | 2,315.10 | 2,414.07 | 2,513.03 | 2,611.99 | 2,710.96 | 2,809.92 |
Woodie | 893.63 | 1,527.96 | 1,973.23 | 2,607.56 | 3,052.83 | 3,687.16 | 4,132.43 |
Fibonacci | 1,559.46 | 1,971.87 | 2,226.66 | 2,639.06 | 3,051.47 | 3,306.26 | 3,718.66 |
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 :
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Real time data
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Cryptocompare
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