ETHEREUM - ETH/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETHUSDT
ISIN:

ETHEREUM - ETH/USDT - Daily - Technical analysis published on 07/26/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

72%

28%

My opinion

Bullish above 2,095.90 USDT

My targets

2,844.36 USDT (+20.10%)

3,414.31 USDT (+44.17%)

My analysis

The strong short-term increase for ETHEREUM - ETH/USDT reinforces the current slightly bullish trend. As long as the price remains above 2,095.90 USDT, you could take advantage of this bullish acceleration. The first bullish objective is located at 2,844.36 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3,414.31 USDT as an objective. Crossing it would then enable buyers to target 4,170.72 USDT. A return to 2,095.90 USDT would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.2

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 finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ETHEREUM - ETH/USDT rating is 2,368.31 USDT. On the day, this instrument gained +8.15% and was traded between 2,175.04 USDT and 2,389.02 USDT over the period. The price is currently at +8.89% from its lowest and -0.87% from its highest.

2,175.04

2,389.02

2,368.31

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

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:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ETHEREUM - ETH/USDT indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong 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.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

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:

Near resistance of triangle

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	1,113.89	1,413.33	2,095.90	2,368.31	2,870.51	4,170.72
Change (%)	-52.97%	-40.32%	-11.50%	-	+21.20%	+76.11%
Change	-1,254.42	-954.98	-272.41	-	+502.20	+1,802.41
Level	Minor	Intermediate	Major	-	Minor	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	2,045.36	2,076.65	2,133.22	2,164.51	2,221.08	2,252.37	2,308.94
Camarilla	2,165.64	2,173.69	2,181.75	2,189.80	2,197.85	2,205.91	2,213.96
Woodie	2,058.01	2,082.97	2,145.87	2,170.83	2,233.73	2,258.69	2,321.59
Fibonacci	2,076.65	2,110.21	2,130.94	2,164.51	2,198.07	2,218.80	2,252.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,406.92	1,563.91	1,873.99	2,030.98	2,341.06	2,498.05	2,808.13
Camarilla	2,055.62	2,098.43	2,141.25	2,184.06	2,226.88	2,269.69	2,312.50
Woodie	1,483.46	1,602.18	1,950.53	2,069.25	2,417.60	2,536.32	2,884.67
Fibonacci	1,563.91	1,742.33	1,852.56	2,030.98	2,209.40	2,319.63	2,498.05

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	564.42	1,134.37	1,704.39	2,274.34	2,844.36	3,414.31	3,984.33
Camarilla	1,960.93	2,065.43	2,169.92	2,274.42	2,378.92	2,483.42	2,587.91
Woodie	564.47	1,134.39	1,704.44	2,274.36	2,844.41	3,414.33	3,984.38
Fibonacci	1,134.37	1,569.84	1,838.87	2,274.34	2,709.81	2,978.84	3,414.31

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):	62.54
MACD (12,26,9):	-1.0300
Directional Movement:	12.24
AROON (14):	42.86
DEMA (21):	2,052.31
Parabolic SAR (0,02-0,02-0,2):	1,804.16
Elder Ray (13):	193.81
Super Trend (3,10):	1,868.29
Zig ZAG (10):	2,359.64
VORTEX (21):	1.0000
Stochastique (14,3,5):	97.78
TEMA (21):	2,131.17
Williams %R (14):	-4.57
Chande Momentum Oscillator (20):	369.17
Repulse (5,40,3):	15.8100
ROCnROLL:	1
TRIX (15,9):	-0.3800
Courbe Coppock:	2.50

MA7:	2,095.88
MA20:	2,043.16
MA50:	2,159.61
MA100:	2,533.65
MAexp7:	2,146.72
MAexp20:	2,080.71
MAexp50:	2,187.97
MAexp100:	2,243.64
Price / MA7:	+13.00%
Price / MA20:	+15.91%
Price / MA50:	+9.66%
Price / MA100:	-6.53%
Price / MAexp7:	+10.32%
Price / MAexp20:	+13.82%
Price / MAexp50:	+8.24%
Price / MAexp100:	+5.56%

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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