ETHEREUM - ETH/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETHUSD
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ETHEREUM - ETH/USD - Daily - Technical analysis published on 05/01/2021 (GMT)

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 2,517.58 USD

My targets

3,089.16 USD (+7.94%)

3,401.83 USD (+18.87%)

My analysis

The bullish trend is currently very strong on ETHEREUM - ETH/USD. As long as the price remains above the support at 2,517.58 USD, you could try to benefit from the boom. The first bullish objective is located at 3,089.16 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3,401.83 USD as an objective. Crossing it would then enable buyers to target 4,003.68 USD. 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

8.9

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

Additional analysis

Quotes

ETHEREUM - ETH/USD rating 2,861.90 USD. The price has increased by +3.08% since the last closing and was traded between 2,757.14 USD and 2,884.28 USD over the period. The price is currently at +3.80% from its lowest and -0.78% from its highest.

2,757.14

2,884.28

2,861.90

The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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

A technical analysis in Daily of this ETHEREUM - ETH/USD chart shows a strongly 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.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

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 2

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	1,415.79	1,957.79	2,517.58	2,861.90
Change (%)	-50.53%	-31.59%	-12.03%	-
Change	-1,446.11	-904.11	-344.32	-
Level	Minor	Major	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	2,664.19	2,695.77	2,736.12	2,767.70	2,808.05	2,839.63	2,879.98
Camarilla	2,756.70	2,763.29	2,769.89	2,776.48	2,783.07	2,789.67	2,796.26
Woodie	2,668.59	2,697.96	2,740.52	2,769.89	2,812.45	2,841.82	2,884.38
Fibonacci	2,695.77	2,723.24	2,740.22	2,767.70	2,795.17	2,812.15	2,839.63

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,203.74	1,576.87	1,898.15	2,271.28	2,592.56	2,965.69	3,286.97
Camarilla	2,028.47	2,092.12	2,155.78	2,219.43	2,283.08	2,346.74	2,410.39
Woodie	1,177.82	1,563.91	1,872.23	2,258.32	2,566.64	2,952.73	3,261.05
Fibonacci	1,576.87	1,842.14	2,006.02	2,271.28	2,536.55	2,700.43	2,965.69

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,260.12	1,572.79	2,174.64	2,487.31	3,089.16	3,401.83	4,003.68
Camarilla	2,524.99	2,608.82	2,692.65	2,776.48	2,860.31	2,944.14	3,027.97
Woodie	1,404.70	1,645.09	2,319.22	2,559.61	3,233.74	3,474.13	4,148.26
Fibonacci	1,572.79	1,922.14	2,137.97	2,487.31	2,836.66	3,052.49	3,401.83

Numerical data

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

Technical indicators

Moving averages

RSI (14):	72.24
MACD (12,26,9):	188.9400
Directional Movement:	18.62
AROON (14):	92.86
DEMA (21):	2,698.54
Parabolic SAR (0,02-0,02-0,2):	2,195.98
Elder Ray (13):	257.32
Super Trend (3,10):	2,269.02
Zig ZAG (10):	2,849.99
VORTEX (21):	1.1600
Stochastique (14,3,5):	96.22
TEMA (21):	2,770.57
Williams %R (14):	-3.66
Chande Momentum Oscillator (20):	686.34
Repulse (5,40,3):	9.6900
ROCnROLL:	1
TRIX (15,9):	1.0200
Courbe Coppock:	30.27

MA7:	2,666.42
MA20:	2,443.85
MA50:	2,104.74
MA100:	1,862.44
MAexp7:	2,685.03
MAexp20:	2,462.55
MAexp50:	2,181.43
MAexp100:	1,869.74
Price / MA7:	+7.33%
Price / MA20:	+17.11%
Price / MA50:	+35.97%
Price / MA100:	+53.66%
Price / MAexp7:	+6.59%
Price / MAexp20:	+16.22%
Price / MAexp50:	+31.19%
Price / MAexp100:	+53.06%

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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