ETHEREUM - ETH/USD - 1H - Technical analysis published on 11/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 3,370.64 USD
My targets
3,429.11 USD (+0.97%)
3,529.12 USD (+3.92%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ETHEREUM - ETH/USD as long as the price remains well above 3,370.64 USD. The buyers' bullish objective is set at 3,429.11 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3,529.12 USD. If there is any crossing, the next objective would be the resistance located at 3,737.14 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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This analysis was given by LJ93612. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD price is 3,396.05 USD. On the day, this instrument gained +2.18% and was traded between 3,301.07 USD and 3,433.26 USD over the period. The price is currently at +2.88% from its lowest and -1.08% from its highest.3,301.07
3,433.26
3,396.05
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ETHEREUM - ETH/USD chart shows a 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. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,161.33 | 3,287.21 | 3,370.64 | 3,396.05 | 3,429.11 | 3,529.12 | 3,737.14 |
| Change (%) | -6.91% | -3.20% | -0.75% | - | +0.97% | +3.92% | +10.04% |
| Change | -234.72 | -108.84 | -25.41 | - | +33.06 | +133.07 | +341.09 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Minor |
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 | 3,021.81 | 3,137.83 | 3,230.65 | 3,346.67 | 3,439.49 | 3,555.51 | 3,648.33 |
| Camarilla | 3,266.05 | 3,285.19 | 3,304.34 | 3,323.48 | 3,342.62 | 3,361.77 | 3,380.91 |
| Woodie | 3,010.22 | 3,132.03 | 3,219.06 | 3,340.87 | 3,427.90 | 3,549.71 | 3,636.74 |
| Fibonacci | 3,137.83 | 3,217.60 | 3,266.89 | 3,346.67 | 3,426.44 | 3,475.73 | 3,555.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,652.02 | 2,842.36 | 3,119.83 | 3,310.17 | 3,587.64 | 3,777.98 | 4,055.45 |
| Camarilla | 3,268.65 | 3,311.54 | 3,354.42 | 3,397.30 | 3,440.18 | 3,483.07 | 3,525.95 |
| Woodie | 2,695.59 | 2,864.14 | 3,163.40 | 3,331.95 | 3,631.21 | 3,799.76 | 4,099.02 |
| Fibonacci | 2,842.36 | 3,021.06 | 3,131.47 | 3,310.17 | 3,488.87 | 3,599.28 | 3,777.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,870.71 | 2,099.93 | 2,307.44 | 2,536.66 | 2,744.17 | 2,973.39 | 3,180.90 |
| Camarilla | 2,394.85 | 2,434.88 | 2,474.92 | 2,514.95 | 2,554.98 | 2,595.02 | 2,635.05 |
| Woodie | 1,859.86 | 2,094.50 | 2,296.59 | 2,531.23 | 2,733.32 | 2,967.96 | 3,170.05 |
| Fibonacci | 2,099.93 | 2,266.76 | 2,369.83 | 2,536.66 | 2,703.49 | 2,806.56 | 2,973.39 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.96 | |
| MACD (12,26,9): | -6.0300 | |
| Directional Movement: | 7.47 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 3,337.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,283.49 | |
| Elder Ray (13): | 44.95 | |
| Super Trend (3,10): | 3,426.43 | |
| Zig ZAG (10): | 3,416.06 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 94.87 | |
| TEMA (21): | 3,343.57 | |
| Williams %R (14): | -7.59 | |
| Chande Momentum Oscillator (20): | 84.75 | |
| Repulse (5,40,3): | 2.7900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 1.17 |
| MA7: | 3,373.24 | |
| MA20: | 3,222.86 | |
| MA50: | 2,822.58 | |
| MA100: | 2,657.80 | |
| MAexp7: | 3,359.41 | |
| MAexp20: | 3,350.92 | |
| MAexp50: | 3,368.95 | |
| MAexp100: | 3,359.70 | |
| Price / MA7: | +0.68% | |
| Price / MA20: | +5.37% | |
| Price / MA50: | +20.32% | |
| Price / MA100: | +27.78% | |
| Price / MAexp7: | +1.09% | |
| Price / MAexp20: | +1.35% | |
| Price / MAexp50: | +0.80% | |
| Price / MAexp100: | +1.08% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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