ETHEREUM - ETH/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETHUSD
ISIN:

ETHEREUM - ETH/USD - Weekly - Technical analysis published on 04/16/2021 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 1,957.79 USD

My targets

2,639.52 USD (+5.16%)

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 1,957.79 USD. The buyers” bullish objective is set at 2,639.52 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

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

Additional analysis

Quotes

The ETHEREUM - ETH/USD price is 2,510.02 USD. The price is up +17.62% over 5 days and has been traded over the last 5 days between 2,102.03 USD and 2,445.00 USD. This implies that the 5 day price is +19.41% from its lowest point and +2.66% from its highest point.

2,102.03

2,445.00

2,510.02

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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

Technical

Technical analysis of this Weekly chart of ETHEREUM - ETH/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. 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 bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

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

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	329.32	476.13	1,957.79	2,510.02
Change (%)	-86.88%	-81.03%	-22.00%	-
Change	-2,180.70	-2,033.89	-552.23	-
Level	Major	Intermediate	Major	-

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	2,286.95	2,344.05	2,430.81	2,487.91	2,574.67	2,631.77	2,718.53
Camarilla	2,478.02	2,491.21	2,504.39	2,517.58	2,530.77	2,543.95	2,557.14
Woodie	2,301.79	2,351.47	2,445.65	2,495.33	2,589.51	2,639.19	2,733.37
Fibonacci	2,344.05	2,399.00	2,432.95	2,487.91	2,542.86	2,576.81	2,631.77

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,713.51	1,821.97	1,977.99	2,086.45	2,242.47	2,350.93	2,506.95
Camarilla	2,061.27	2,085.51	2,109.76	2,134.00	2,158.24	2,182.49	2,206.73
Woodie	1,737.28	1,833.86	2,001.76	2,098.34	2,266.24	2,362.82	2,530.72
Fibonacci	1,821.97	1,923.01	1,985.42	2,086.45	2,187.49	2,249.90	2,350.93

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,037.67	1,225.84	1,571.62	1,759.79	2,105.57	2,293.74	2,639.52
Camarilla	1,770.56	1,819.51	1,868.46	1,917.40	1,966.35	2,015.29	2,064.24
Woodie	1,116.48	1,265.24	1,650.43	1,799.19	2,184.38	2,333.14	2,718.33
Fibonacci	1,225.84	1,429.81	1,555.82	1,759.79	1,963.76	2,089.77	2,293.74

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):	77.58
MACD (12,26,9):	422.2200
Directional Movement:	23.89
AROON (14):	100.00
DEMA (21):	2,068.62
Parabolic SAR (0,02-0,02-0,2):	1,069.76
Elder Ray (13):	553.86
Super Trend (3,10):	1,320.19
Zig ZAG (10):	2,493.00
VORTEX (21):	1.2400
Stochastique (14,3,5):	94.57
TEMA (21):	2,275.00
Williams %R (14):	-3.22
Chande Momentum Oscillator (20):	1,260.99
Repulse (5,40,3):	35.3800
ROCnROLL:	1
TRIX (15,9):	6.5400
Courbe Coppock:	287.76

MA7:	2,310.06
MA20:	2,097.88
MA50:	1,854.79
MA100:	1,674.71
MAexp7:	2,020.35
MAexp20:	1,542.62
MAexp50:	1,002.97
MAexp100:	683.80
Price / MA7:	+8.66%
Price / MA20:	+19.65%
Price / MA50:	+35.33%
Price / MA100:	+49.88%
Price / MAexp7:	+24.24%
Price / MAexp20:	+62.71%
Price / MAexp50:	+150.26%
Price / MAexp100:	+267.07%

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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