ETHEREUM - ETH/USDT

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Type:	Cryptocurrencies
Ticker:	ETHUSDT
ISIN:

ETHEREUM - ETH/USDT - 1H - Technical analysis published on 05/25/2021 (GMT)

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Timeframe : 1H
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ETHEREUM - ETH/USDT Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 2,513.66 USDT

My targets

2,719.25 USDT (+3.92%)

2,770.72 USDT (+5.89%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on ETHEREUM - ETH/USDT. This is a positive signal for buyers. As long as the price remains above 2,513.66 USDT, a purchase could be considered. The first bullish objective is located at 2,719.25 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,770.72 USDT as an objective. Crossing it would then enable buyers to target 2,986.72 USDT. In the event of a return below 2,513.66 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

5.4

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 Addareea.

Additional analysis

Quotes

ETHEREUM - ETH/USDT rating 2,616.62 USDT. On the day, this instrument lost -1.14% and was traded between 2,524.55 USDT and 2,748.58 USDT over the period. The price is currently at +3.65% from its lowest and -4.80% from its highest.

2,524.55

2,748.58

2,616.62

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this 1H chart of ETHEREUM - ETH/USDT indicates that the overall trend is bullish. 75.00% 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 scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,955.15	2,195.71	2,513.66	2,616.62	2,770.72	2,986.72	3,131.53
Change (%)	-25.28%	-16.09%	-3.93%	-	+5.89%	+14.14%	+19.68%
Change	-661.47	-420.91	-102.96	-	+154.10	+370.10	+514.91
Level	Major	Intermediate	Intermediate	-	Minor	Minor	Intermediate

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	1,678.10	1,880.53	2,263.70	2,466.13	2,849.30	3,051.73	3,434.90
Camarilla	2,485.84	2,539.52	2,593.20	2,646.88	2,700.56	2,754.24	2,807.92
Woodie	1,768.48	1,925.72	2,354.08	2,511.32	2,939.68	3,096.92	3,525.28
Fibonacci	1,880.53	2,104.23	2,242.43	2,466.13	2,689.83	2,828.03	3,051.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-329.61	828.40	1,561.24	2,719.25	3,452.09	4,610.10	5,342.94
Camarilla	1,774.11	1,947.43	2,120.76	2,294.09	2,467.42	2,640.75	2,814.07
Woodie	-542.19	722.11	1,348.67	2,612.96	3,239.52	4,503.81	5,130.37
Fibonacci	828.40	1,550.70	1,996.94	2,719.25	3,441.55	3,887.79	4,610.10

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,353.59	1,647.26	2,209.86	2,503.53	3,066.13	3,359.80	3,922.40
Camarilla	2,536.98	2,615.47	2,693.96	2,772.45	2,850.94	2,929.43	3,007.92
Woodie	1,488.05	1,714.49	2,344.32	2,570.76	3,200.59	3,427.03	4,056.86
Fibonacci	1,647.26	1,974.36	2,176.44	2,503.53	2,830.63	3,032.71	3,359.80

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):	63.01
MACD (12,26,9):	89.1300
Directional Movement:	16.43
AROON (14):	50.00
DEMA (21):	2,678.52
Parabolic SAR (0,02-0,02-0,2):	2,719.08
Elder Ray (13):	52.03
Super Trend (3,10):	2,432.84
Zig ZAG (10):	2,669.70
VORTEX (21):	1.1800
Stochastique (14,3,5):	58.14
TEMA (21):	2,697.21
Williams %R (14):	-50.76
Chande Momentum Oscillator (20):	42.46
Repulse (5,40,3):	0.9200
ROCnROLL:	1
TRIX (15,9):	0.6400
Courbe Coppock:	7.39

MA7:	2,474.37
MA20:	3,287.32
MA50:	2,806.53
MA100:	2,282.35
MAexp7:	2,630.07
MAexp20:	2,552.80
MAexp50:	2,430.85
MAexp100:	2,460.91
Price / MA7:	+5.75%
Price / MA20:	-20.40%
Price / MA50:	-6.77%
Price / MA100:	+14.65%
Price / MAexp7:	-0.51%
Price / MAexp20:	+2.50%
Price / MAexp50:	+7.64%
Price / MAexp100:	+6.33%

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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