ETHEREUM - ETH/USD
ETHEREUM - ETH/USD
- USD (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: ETHUSD
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ETHEREUM - ETH/USD - 1H - Technical analysis published on 06/29/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 2,143.87 USD
My targets
2,276.52 USD (+4.41%)
2,511.61 USD (+15.19%)
My analysis
The bullish trend is currently very strong on ETHEREUM - ETH/USD. As long as the price remains above the support at 2,143.87 USD, you could try to benefit from the boom. The first bullish objective is located at 2,276.52 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,511.61 USD as an objective. Crossing it would then enable buyers to target 2,872.00 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.

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
0
10
8.6

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 kaptan. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ETHEREUM - ETH/USD rating is 2,180.32 USD. The price has increased by +4.65% since the last closing with the lowest point at 2,075.93 USD and the highest point at 2,188.29 USD. The deviation from the price is +5.03% for the low point and -0.36% for the high point.

2,075.93
2,188.29
2,180.32

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

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:

Technical


A technical analysis in 1H of this ETHEREUM - ETH/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,043.86 2,097.48 2,143.87 2,180.32 2,276.52 2,872.00 4,176.00
Change (%) -6.26% -3.80% -1.67% - +4.41% +31.72% +91.53%
Change -136.46 -82.84 -36.45 - +96.20 +691.68 +1,995.68
Level Intermediate Major Major - Minor Minor Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,802.591,882.941,983.172,063.522,163.752,244.102,344.33
Camarilla2,033.742,050.292,066.852,083.402,099.952,116.512,133.06
Woodie1,812.531,887.911,993.112,068.492,173.692,249.072,354.27
Fibonacci1,882.941,951.921,994.542,063.522,132.502,175.122,244.10


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,020.461,360.791,595.871,936.202,171.282,511.612,746.69
Camarilla1,672.721,725.471,778.211,830.961,883.711,936.451,989.20
Woodie967.851,334.481,543.261,909.892,118.672,485.302,694.08
Fibonacci1,360.791,580.591,716.391,936.202,156.002,291.802,511.61


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-1,149.37291.321,498.602,939.294,146.575,587.266,794.54
Camarilla1,977.702,220.432,463.162,705.892,948.623,191.353,434.08
Woodie-1,266.07232.971,381.912,880.944,029.885,528.916,677.85
Fibonacci291.321,302.841,927.762,939.293,950.814,575.735,587.26

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): 67.11
MACD (12,26,9): 39.8300
Directional Movement: 19.80
AROON (14): 92.86
DEMA (21): 2,173.06
Parabolic SAR (0,02-0,02-0,2): 2,104.51
Elder Ray (13): 31.69
Super Trend (3,10): 2,046.41
Zig ZAG (10): 2,160.46
VORTEX (21): 1.1700
Stochastique (14,3,5): 87.53
TEMA (21): 2,161.24
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 89.34
Repulse (5,40,3): 2.6400
ROCnROLL: 1
TRIX (15,9): 0.2800
Courbe Coppock: 4.01
MA7: 1,975.54
MA20: 2,191.01
MA50: 2,605.23
MA100: 2,511.42
MAexp7: 2,144.18
MAexp20: 2,118.53
MAexp50: 2,042.94
MAexp100: 1,988.06
Price / MA7: +10.37%
Price / MA20: -0.49%
Price / MA50: -16.31%
Price / MA100: -13.18%
Price / MAexp7: +1.69%
Price / MAexp20: +2.92%
Price / MAexp50: +6.72%
Price / MAexp100: +9.67%

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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