ETHEREUM - ETH/USD - Daily - Technical analysis published on 04/26/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 3,246.57 USD
My targets
2,685.93 USD (-10.41%)
2,412.93 USD (-19.52%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ETHEREUM - ETH/USD as long as the price remains well below 3,246.57 USD. The sellers' bearish objective is set at 2,685.93 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,412.93 USD. In case of crossing, the next objective would be the support located at 1,790.53 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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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 2,998.12 USD. The price is lower by -0.29% since the last closing and was between 2,981.94 USD and 3,034.66 USD. This implies that the price is at +0.54% from its lowest and at -1.20% from its highest.2,981.94
3,034.66
2,998.12
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:
Technical
Technical analysis of ETHEREUM - ETH/USD in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish doji star
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,790.53 | 2,412.93 | 2,979.35 | 2,998.12 | 3,246.57 | 3,521.87 | 4,176.00 |
| Change (%) | -40.28% | -19.52% | -0.63% | - | +8.29% | +17.47% | +39.29% |
| Change | -1,207.59 | -585.19 | -18.77 | - | +248.45 | +523.75 | +1,177.88 |
| Level | Minor | Major | Major | - | Minor | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,637.00 | 2,718.29 | 2,862.54 | 2,943.83 | 3,088.08 | 3,169.37 | 3,313.62 |
| Camarilla | 2,944.77 | 2,965.44 | 2,986.12 | 3,006.79 | 3,027.47 | 3,048.14 | 3,068.81 |
| Woodie | 2,668.48 | 2,734.03 | 2,894.02 | 2,959.57 | 3,119.56 | 3,185.11 | 3,345.10 |
| Fibonacci | 2,718.29 | 2,804.45 | 2,857.67 | 2,943.83 | 3,029.99 | 3,083.21 | 3,169.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,526.57 | 2,705.93 | 2,819.65 | 2,999.01 | 3,112.73 | 3,292.09 | 3,405.81 |
| Camarilla | 2,852.76 | 2,879.63 | 2,906.49 | 2,933.36 | 2,960.23 | 2,987.09 | 3,013.96 |
| Woodie | 2,493.74 | 2,689.52 | 2,786.82 | 2,982.60 | 3,079.90 | 3,275.68 | 3,372.98 |
| Fibonacci | 2,705.93 | 2,817.89 | 2,887.06 | 2,999.01 | 3,110.97 | 3,180.14 | 3,292.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,690.83 | 2,089.29 | 2,685.93 | 3,084.39 | 3,681.03 | 4,079.49 | 4,676.13 |
| Camarilla | 3,008.92 | 3,100.14 | 3,191.35 | 3,282.57 | 3,373.79 | 3,465.01 | 3,556.22 |
| Woodie | 1,789.92 | 2,138.84 | 2,785.02 | 3,133.94 | 3,780.12 | 4,129.04 | 4,775.22 |
| Fibonacci | 2,089.29 | 2,469.42 | 2,704.26 | 3,084.39 | 3,464.52 | 3,699.36 | 4,079.49 |
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): | 46.03 | |
| MACD (12,26,9): | -40.6300 | |
| Directional Movement: | -12.55 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 3,009.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,099.98 | |
| Elder Ray (13): | -13.83 | |
| Super Trend (3,10): | 3,309.60 | |
| Zig ZAG (10): | 2,997.66 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 39.22 | |
| TEMA (21): | 2,937.45 | |
| Williams %R (14): | -48.22 | |
| Chande Momentum Oscillator (20): | -26.64 | |
| Repulse (5,40,3): | 1.3800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 8.76 |
| MA7: | 2,983.79 | |
| MA20: | 3,058.13 | |
| MA50: | 3,035.19 | |
| MA100: | 2,913.85 | |
| MAexp7: | 2,991.98 | |
| MAexp20: | 3,048.58 | |
| MAexp50: | 3,049.32 | |
| MAexp100: | 3,092.46 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | -1.96% | |
| Price / MA50: | -1.22% | |
| Price / MA100: | +2.89% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | -1.66% | |
| Price / MAexp50: | -1.68% | |
| Price / MAexp100: | -3.05% |
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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