ETHEREUM - ETH/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	ETHUSD
ISIN:

ETHEREUM - ETH/USD - Daily - Technical analysis published on 07/26/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

67%

28%

My opinion

Bullish above 2,097.48 USD

My targets

2,848.18 USD (+22.08%)

3,420.85 USD (+46.62%)

My analysis

ETHEREUM - ETH/USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 2,097.48 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 2,848.18 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 3,420.85 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 4,176.00 USD. Beware of a possible return to under the support located at 2,097.48 USD which would be the sign of a correction of the bullish excesses registered in the short term.

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

4.8

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

Additional analysis

Quotes

ETHEREUM - ETH/USD rating 2,333.09 USD. The price registered an increase of +6.37% on the session and was traded between 2,175.51 USD and 2,389.98 USD over the period. The price is currently at +7.24% from its lowest and -2.38% from its highest.

2,175.51

2,389.98

2,333.09

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

Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ETHEREUM - ETH/USD chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced 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, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

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 3

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	331.26	1,415.79	2,097.48	2,333.09	2,872.00	4,176.00
Change (%)	-85.80%	-39.32%	-10.10%	-	+23.10%	+78.99%
Change	-2,001.83	-917.30	-235.61	-	+538.91	+1,842.91
Level	Intermediate	Minor	Major	-	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,048.14	2,078.68	2,135.98	2,166.52	2,223.82	2,254.36	2,311.66
Camarilla	2,169.12	2,177.18	2,185.23	2,193.28	2,201.33	2,209.38	2,217.44
Woodie	2,061.52	2,085.37	2,149.36	2,173.21	2,237.20	2,261.05	2,325.04
Fibonacci	2,078.68	2,112.24	2,132.97	2,166.52	2,200.08	2,220.81	2,254.36

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,389.93	1,554.40	1,870.56	2,035.03	2,351.19	2,515.66	2,831.82
Camarilla	2,054.54	2,098.60	2,142.65	2,186.71	2,230.77	2,274.83	2,318.88
Woodie	1,465.77	1,592.32	1,946.40	2,072.95	2,427.03	2,553.58	2,907.66
Fibonacci	1,554.40	1,738.00	1,851.43	2,035.03	2,218.63	2,332.06	2,515.66

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	555.78	1,128.45	1,701.98	2,274.65	2,848.18	3,420.85	3,994.38
Camarilla	1,960.32	2,065.38	2,170.45	2,275.52	2,380.59	2,485.66	2,590.73
Woodie	556.22	1,128.67	1,702.42	2,274.87	2,848.62	3,421.07	3,994.82
Fibonacci	1,128.45	1,566.30	1,836.80	2,274.65	2,712.50	2,983.00	3,420.85

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):	61.63
MACD (12,26,9):	-2.8600
Directional Movement:	12.95
AROON (14):	42.86
DEMA (21):	2,047.73
Parabolic SAR (0,02-0,02-0,2):	1,794.93
Elder Ray (13):	197.74
Super Trend (3,10):	1,856.38
Zig ZAG (10):	2,333.33
VORTEX (21):	1.0000
Stochastique (14,3,5):	96.01
TEMA (21):	2,127.50
Williams %R (14):	-7.77
Chande Momentum Oscillator (20):	343.64
Repulse (5,40,3):	14.4300
ROCnROLL:	1
TRIX (15,9):	-0.3800
Courbe Coppock:	2.21

MA7:	2,089.46
MA20:	2,041.99
MA50:	2,159.43
MA100:	2,534.55
MAexp7:	2,135.42
MAexp20:	2,078.66
MAexp50:	2,187.48
MAexp100:	2,243.91
Price / MA7:	+11.66%
Price / MA20:	+14.26%
Price / MA50:	+8.04%
Price / MA100:	-7.95%
Price / MAexp7:	+9.26%
Price / MAexp20:	+12.24%
Price / MAexp50:	+6.66%
Price / MAexp100:	+3.97%

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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