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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 11/07/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 2,817.81 USD
My targets
2,914.86 USD (+1.56%)
3,206.23 USD (+11.72%)
My analysis
The bullish trend is currently very strong on ETHEREUM - ETH/USD. As long as the price remains above the support at 2,817.81 USD, you could try to benefit from the boom. The first bullish objective is located at 2,914.86 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3,206.23 USD as an objective. Crossing it would then enable buyers to target 3,529.12 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
7.9

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.

octosharkbtc
This analysis was given by octosharkbtc. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ETHEREUM - ETH/USD price is 2,869.97 USD. The price registered an increase of +5.34% on the session and was between 2,701.74 USD and 2,894.75 USD. This implies that the price is at +6.23% from its lowest and at -0.86% from its highest.

2,701.74
2,894.75
2,869.97

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this ETHEREUM - ETH/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,481.16 2,618.68 2,720.75 2,869.97 2,880.64 3,529.12 3,886.31
Change (%) -13.55% -8.76% -5.20% - +0.37% +22.97% +35.41%
Change -388.81 -251.29 -149.22 - +10.67 +659.15 +1,016.34
Level Major Intermediate Minor - Intermediate Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,189.472,305.062,514.812,630.402,840.152,955.743,165.49
Camarilla2,635.092,664.912,694.742,724.562,754.382,784.212,814.03
Woodie2,236.552,328.602,561.892,653.942,887.232,979.283,212.57
Fibonacci2,305.062,429.342,506.122,630.402,754.682,831.462,955.74


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,136.992,299.232,396.282,558.522,655.572,817.812,914.86
Camarilla2,422.042,445.802,469.572,493.342,517.112,540.882,564.65
Woodie2,104.412,282.932,363.702,542.222,622.992,801.512,882.28
Fibonacci2,299.232,398.282,459.472,558.522,657.572,718.762,817.81


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,839.042,074.602,294.772,530.332,750.502,986.063,206.23
Camarilla2,389.622,431.402,473.182,514.952,556.732,598.502,640.28
Woodie1,831.362,070.752,287.092,526.482,742.822,982.213,198.55
Fibonacci2,074.602,248.692,356.242,530.332,704.422,811.972,986.06

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): 69.35
MACD (12,26,9): 49.0700
Directional Movement: 16.36
AROON (14): 35.71
DEMA (21): 2,882.37
Parabolic SAR (0,02-0,02-0,2): 2,787.05
Elder Ray (13): 45.36
Super Trend (3,10): 2,775.17
Zig ZAG (10): 2,882.79
VORTEX (21): 1.2300
Stochastique (14,3,5): 90.01
TEMA (21): 2,877.37
Williams %R (14): -9.09
Chande Momentum Oscillator (20): 61.60
Repulse (5,40,3): 1.7200
ROCnROLL: 1
TRIX (15,9): 0.2800
Courbe Coppock: 2.35
MA7: 2,553.28
MA20: 2,571.03
MA50: 2,546.14
MA100: 2,550.97
MAexp7: 2,851.46
MAexp20: 2,811.85
MAexp50: 2,712.25
MAexp100: 2,627.46
Price / MA7: +12.40%
Price / MA20: +11.63%
Price / MA50: +12.72%
Price / MA100: +12.51%
Price / MAexp7: +0.65%
Price / MAexp20: +2.07%
Price / MAexp50: +5.82%
Price / MAexp100: +9.23%

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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