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 04/21/2021 (GMT)

Londinia

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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

78%

17%

My opinion

Bullish above 1,957.79 USD

My targets

2,601.05 USD (+7.72%)

My analysis

The bullish trend is currently very strong on ETHEREUM - ETH/USD. As long as the price remains above the support at 1,957.79 USD, you could try to benefit from the boom. The first bullish objective is located at 2,601.05 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.4

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 sp3gibbs. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ETHEREUM - ETH/USD rating 2,414.75 USD. Over 5 days, this instrument lost -4.08% and has been traded over the last 5 days between 1,950.00 USD and 2,496.82 USD. This implies that the 5 day price is +23.83% from its lowest point and -3.29% from its highest point.

1,950.00

2,496.82

2,414.75

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

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

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ETHEREUM - ETH/USD in Weekly shows a strongly overall bullish trend. 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.

The probability of a further increase is high given the direction of the technical indicators.
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

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Three white soldiers

Type : Bullish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	329.32	476.13	1,957.79	2,414.75
Change (%)	-86.36%	-80.28%	-18.92%	-
Change	-2,085.43	-1,938.62	-456.96	-
Level	Major	Major	Major	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,845.54	1,949.17	2,140.75	2,244.38	2,435.96	2,539.59	2,731.17
Camarilla	2,251.16	2,278.22	2,305.28	2,332.34	2,359.40	2,386.46	2,413.52
Woodie	1,889.53	1,971.16	2,184.74	2,266.37	2,479.95	2,561.58	2,775.16
Fibonacci	1,949.17	2,061.94	2,131.61	2,244.38	2,357.15	2,426.82	2,539.59

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,652.29	1,877.16	2,098.78	2,323.65	2,545.27	2,770.14	2,991.76
Camarilla	2,197.62	2,238.54	2,279.47	2,320.40	2,361.33	2,402.26	2,443.19
Woodie	1,650.67	1,876.35	2,097.16	2,322.84	2,543.65	2,769.33	2,990.14
Fibonacci	1,877.16	2,047.72	2,153.09	2,323.65	2,494.21	2,599.58	2,770.14

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,085.75	1,264.31	1,590.85	1,769.41	2,095.95	2,274.51	2,601.05
Camarilla	1,778.50	1,824.80	1,871.10	1,917.40	1,963.70	2,010.00	2,056.30
Woodie	1,159.75	1,301.31	1,664.85	1,806.41	2,169.95	2,311.51	2,675.05
Fibonacci	1,264.31	1,457.26	1,576.46	1,769.41	1,962.36	2,081.56	2,274.51

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):	77.02
MACD (12,26,9):	429.7900
Directional Movement:	17.58
AROON (14):	92.86
DEMA (21):	2,151.49
Parabolic SAR (0,02-0,02-0,2):	1,158.49
Elder Ray (13):	365.12
Super Trend (3,10):	1,320.19
Zig ZAG (10):	2,430.05
VORTEX (21):	1.2000
Stochastique (14,3,5):	91.23
TEMA (21):	2,349.80
Williams %R (14):	-7.98
Chande Momentum Oscillator (20):	1,044.92
Repulse (5,40,3):	29.0500
ROCnROLL:	1
TRIX (15,9):	6.3600
Courbe Coppock:	246.48

MA7:	2,347.26
MA20:	2,206.25
MA50:	1,935.35
MA100:	1,728.20
MAexp7:	2,087.85
MAexp20:	1,612.35
MAexp50:	1,052.53
MAexp100:	715.10
Price / MA7:	+2.88%
Price / MA20:	+9.45%
Price / MA50:	+24.77%
Price / MA100:	+39.73%
Price / MAexp7:	+15.66%
Price / MAexp20:	+49.77%
Price / MAexp50:	+129.42%
Price / MAexp100:	+237.68%

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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