ETHEREUM - ETH/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETHUSD
ISIN:

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

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

50%

17%

My opinion

Bearish under 2,412.93 USD

My targets

2,120.17 USD (-9.61%)

1,795.76 USD (-23.44%)

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 2,412.93 USD. The next support located at 2,120.17 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 1,795.76 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.6

Comment on the analysis

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:

Additional analysis

Quotes

The ETHEREUM - ETH/USD price is 2,345.46 USD. The price is lower by -0.62% since the last closing and was traded between 2,335.53 USD and 2,360.73 USD over the period. The price is currently at +0.43% from its lowest and -0.65% from its highest.

2,335.53

2,360.73

2,345.46

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

Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:

Technical

Technical analysis of ETHEREUM - ETH/USD in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 6 are bullish, 3 are neutral and 9 are bearish. The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,539.37	1,795.76	2,120.17	2,345.46	2,412.93	2,880.64	3,526.71
Change (%)	-34.37%	-23.44%	-9.61%	-	+2.88%	+22.82%	+50.36%
Change	-806.09	-549.70	-225.29	-	+67.47	+535.18	+1,181.25
Level	Major	Minor	Intermediate	-	Major	Major	Major

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	2,187.61	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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	39.99
MACD (12,26,9):	-112.4000
Directional Movement:	-18.11
AROON (14):	-71.43
DEMA (21):	2,307.98
Parabolic SAR (0,02-0,02-0,2):	2,535.35
Elder Ray (13):	-53.33
Super Trend (3,10):	2,675.14
Zig ZAG (10):	2,342.23
VORTEX (21):	0.9100
Stochastique (14,3,5):	34.93
TEMA (21):	2,303.09
Williams %R (14):	-56.86
Chande Momentum Oscillator (20):	-184.82
Repulse (5,40,3):	0.6800
ROCnROLL:	2
TRIX (15,9):	-0.5700
Courbe Coppock:	21.16

MA7:	2,330.75
MA20:	2,492.41
MA50:	2,704.73
MA100:	3,064.23
MAexp7:	2,350.83
MAexp20:	2,458.50
MAexp50:	2,678.22
MAexp100:	2,886.09
Price / MA7:	+0.63%
Price / MA20:	-5.90%
Price / MA50:	-13.28%
Price / MA100:	-23.46%
Price / MAexp7:	-0.23%
Price / MAexp20:	-4.60%
Price / MAexp50:	-12.42%
Price / MAexp100:	-18.73%

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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