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

ETHEREUM - ETH/USDT - 1H - Technical analysis published on 12/06/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
11%
83%
6%
My opinion
Bearish under 2,273.71 USDT
My targets
2,188.98 USDT (-1.95%)
2,121.23 USDT (-4.99%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for ETHEREUM - ETH/USDT as long as the price remains well below 2,273.71 USDT. The next bearish objective for sellers is set at 2,188.98 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,121.23 USDT. In case of crossing, the next objective would be the support located at 2,074.59 USDT. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 2,188.98 USDT. With this support, against the trend traders who want to buy ETHEREUM - ETH/USDT on a buy signal from their trading strategy should not hesitate to act.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.7

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.

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

Additional analysis

Quotes

ETHEREUM - ETH/USDT rating 2,232.54 USDT. The price is lower by -2.65% since the last closing and was traded between 2,220.80 USDT and 2,311.44 USDT over the period. The price is currently at +0.53% from its lowest and -3.41% from its highest.

2,220.80
2,311.44
2,232.54

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.

Central Gaps

Bullish opening

Type : Bullish

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 results:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Abnormal volumes on ETHEREUM - ETH/USDT were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 1H chart of ETHEREUM - ETH/USDT indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 15 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,074.59 2,121.23 2,188.98 2,232.54 2,273.71 2,411.10 3,521.93
Change (%) -7.07% -4.99% -1.95% - +1.84% +8.00% +57.75%
Change -157.95 -111.31 -43.56 - +41.17 +178.56 +1,289.39
Level Intermediate Intermediate Minor - Minor Minor Minor



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
Standard2,098.152,143.572,218.432,263.852,338.712,384.132,458.99
Camarilla2,260.222,271.252,282.272,293.302,304.332,315.352,326.38
Woodie2,112.882,150.932,233.162,271.212,353.442,391.492,473.72
Fibonacci2,143.572,189.512,217.902,263.852,309.792,338.182,384.13


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,839.571,912.772,038.782,111.982,237.992,311.192,437.20
Camarilla2,110.002,128.262,146.522,164.782,183.042,201.302,219.56
Woodie1,865.971,925.972,065.182,125.182,264.392,324.392,463.60
Fibonacci1,912.771,988.872,035.892,111.982,188.082,235.102,311.19


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,482.221,629.861,840.881,988.522,199.542,347.182,558.20
Camarilla1,953.261,986.142,019.012,051.892,084.772,117.642,150.52
Woodie1,513.901,645.711,872.562,004.372,231.222,363.032,589.88
Fibonacci1,629.861,766.871,851.521,988.522,125.532,210.182,347.18

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 37.10
MACD (12,26,9): -4.8300
Directional Movement: -12.62
AROON (14): -85.72
DEMA (21): 2,254.09
Parabolic SAR (0,02-0,02-0,2): 2,292.96
Elder Ray (13): -26.16
Super Trend (3,10): 2,285.47
Zig ZAG (10): 2,231.07
VORTEX (21): 0.8600
Stochastique (14,3,5): 20.76
TEMA (21): 2,243.49
Williams %R (14): -82.98
Chande Momentum Oscillator (20): -20.81
Repulse (5,40,3): -0.5000
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 1.99
MA7: 2,180.68
MA20: 2,080.46
MA50: 1,940.06
MA100: 1,780.24
MAexp7: 2,247.10
MAexp20: 2,257.39
MAexp50: 2,249.97
MAexp100: 2,220.01
Price / MA7: +2.38%
Price / MA20: +7.31%
Price / MA50: +15.08%
Price / MA100: +25.41%
Price / MAexp7: -0.65%
Price / MAexp20: -1.10%
Price / MAexp50: -0.77%
Price / MAexp100: +0.56%

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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