ETHEREUM - ETH/USD - 1H - Technical analysis published on 12/16/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 3,946.75 USD
My targets
4,097.50 USD (+1.92%)
4,176.00 USD (+3.87%)
My analysis
A bullish trend on ETHEREUM - ETH/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 3,946.75 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 4,097.50 USD. Then the price could move towards 4,176.00 USD. Then 4,361.97 USD by extension. Be careful, a return below 3,946.75 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD price is 4,020.42 USD. On the day, this instrument gained +0.01% and was between 3,981.81 USD and 4,083.25 USD. This implies that the price is at +0.97% from its lowest and at -1.54% from its highest.3,981.81
4,083.25
4,020.42
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:
Technical
Technical analysis of ETHEREUM - ETH/USD in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 9 are neutral and 3 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,672.18 | 3,835.92 | 3,946.75 | 4,020.42 | 4,097.50 | 4,176.00 | 4,361.97 |
| Change (%) | -8.66% | -4.59% | -1.83% | - | +1.92% | +3.87% | +8.50% |
| Change | -348.24 | -184.50 | -73.67 | - | +77.08 | +155.58 | +341.55 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Minor |
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 | 3,308.91 | 3,480.40 | 3,750.15 | 3,921.64 | 4,191.39 | 4,362.88 | 4,632.63 |
| Camarilla | 3,898.55 | 3,939.00 | 3,979.44 | 4,019.89 | 4,060.34 | 4,100.78 | 4,141.23 |
| Woodie | 3,358.03 | 3,504.97 | 3,799.27 | 3,946.21 | 4,240.51 | 4,387.45 | 4,681.75 |
| Fibonacci | 3,480.40 | 3,648.96 | 3,753.09 | 3,921.64 | 4,090.20 | 4,194.33 | 4,362.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,131.18 | 3,483.72 | 3,783.36 | 4,135.90 | 4,435.54 | 4,788.08 | 5,087.72 |
| Camarilla | 3,903.65 | 3,963.43 | 4,023.22 | 4,083.00 | 4,142.78 | 4,202.57 | 4,262.35 |
| Woodie | 3,104.73 | 3,470.50 | 3,756.91 | 4,122.68 | 4,409.09 | 4,774.86 | 5,061.27 |
| Fibonacci | 3,483.72 | 3,732.85 | 3,886.77 | 4,135.90 | 4,385.03 | 4,538.95 | 4,788.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,160.81 | 3,549.67 | 4,088.52 | 4,477.38 | 5,016.23 | 5,405.09 | 5,943.94 |
| Camarilla | 4,372.24 | 4,457.28 | 4,542.32 | 4,627.36 | 4,712.40 | 4,797.44 | 4,882.48 |
| Woodie | 3,235.80 | 3,587.17 | 4,163.51 | 4,514.88 | 5,091.22 | 5,442.59 | 6,018.93 |
| Fibonacci | 3,549.67 | 3,904.06 | 4,123.00 | 4,477.38 | 4,831.77 | 5,050.71 | 5,405.09 |
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): | 58.18 | |
| MACD (12,26,9): | 42.5700 | |
| Directional Movement: | 15.70 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 4,060.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,884.71 | |
| Elder Ray (13): | 10.08 | |
| Super Trend (3,10): | 3,930.80 | |
| Zig ZAG (10): | 4,029.61 | |
| VORTEX (21): | 1.3100 | |
| Stochastique (14,3,5): | 60.61 | |
| TEMA (21): | 4,069.98 | |
| Williams %R (14): | -55.76 | |
| Chande Momentum Oscillator (20): | -25.87 | |
| Repulse (5,40,3): | -0.5200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 1.79 |
| MA7: | 3,973.12 | |
| MA20: | 4,209.98 | |
| MA50: | 4,347.05 | |
| MA100: | 3,917.47 | |
| MAexp7: | 4,035.84 | |
| MAexp20: | 4,002.16 | |
| MAexp50: | 3,940.60 | |
| MAexp100: | 3,942.68 | |
| Price / MA7: | +1.19% | |
| Price / MA20: | -4.50% | |
| Price / MA50: | -7.51% | |
| Price / MA100: | +2.63% | |
| Price / MAexp7: | -0.38% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +2.03% | |
| Price / MAexp100: | +1.97% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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