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

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

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  • Timeframe : Weekly
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Neutral
Technical indicators
22%
61%
17%
My opinion
Bearish under 2,880.64 USD
My targets
2,120.17 USD (-9.11%)
1,795.76 USD (-23.02%)
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 2,880.64 USD, a sale could be considered. The first bearish objective is located at 2,120.17 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 1,795.76 USD. If there is any crossing, the next objective would be support 1,539.37 USD. Caution, if there is a return to above 2,880.64 USD, 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
0
10
3

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. 1H Daily

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.

Central Gaps

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:

Central Indicators

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:

Central Indicators

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:

Central Patterns

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:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Weekly




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
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): 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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