ETHEREUM - ETH/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	ETHUSD
ISIN:

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

Timeframe : Weekly
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

22%

61%

17%

My opinion

Bearish under

My targets

()

My analysis

The strong short-term decrease of ETHEREUM - ETH/USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at , a sale could be considered. The first bearish objective is located at . The bearish momentum would be boosted by a support break. Sellers could then target the support located at . If there is any crossing, the next objective would be support . Caution, if there is a return to above , it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

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 rating is 2,332.72 USD. Over 5 days, this instrument lost -4.80% with the lowest point at 2,151.26 USD and the highest point at 2,407.48 USD. The deviation from the price is +8.44% for the low point and -3.11% for the high point.

2,151.26

2,407.48

2,332.72

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 this Weekly chart of ETHEREUM - ETH/USD indicates that the overall trend is not clearly defined. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Weekly

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Support of channel is broken

Type : Bearish

Timeframe : Weekly

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,539.37	1,795.76	2,120.17	2,332.72	2,412.93	2,880.64	3,526.71
Change (%)	-34.01%	-23.02%	-9.11%	-	+3.44%	+23.49%	+51.18%
Change	-793.35	-536.96	-212.55	-	+80.21	+547.92	+1,193.99
Level	Major	Minor	Intermediate	-	Major	Major	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
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):	39.69
MACD (12,26,9):	-146.6600
Directional Movement:	-17.00
AROON (14):	-92.86
DEMA (21):	2,772.68
Parabolic SAR (0,02-0,02-0,2):	3,362.84
Elder Ray (13):	-461.95
Super Trend (3,10):	3,473.03
Zig ZAG (10):	2,343.28
VORTEX (21):	0.9300
Stochastique (14,3,5):	11.33
TEMA (21):	2,459.15
Williams %R (14):	-87.59
Chande Momentum Oscillator (20):	-1,073.60
Repulse (5,40,3):	-10.7700
ROCnROLL:	2
TRIX (15,9):	0.0500
Courbe Coppock:	49.00

MA7:	2,331.16
MA20:	2,492.28
MA50:	2,704.68
MA100:	3,064.19
MAexp7:	2,568.37
MAexp20:	2,876.66
MAexp50:	2,760.69
MAexp100:	2,462.89
Price / MA7:	+0.07%
Price / MA20:	-6.40%
Price / MA50:	-13.75%
Price / MA100:	-23.87%
Price / MAexp7:	-9.18%
Price / MAexp20:	-18.91%
Price / MAexp50:	-15.50%
Price / MAexp100:	-5.29%

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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