ETHEREUM - ETH/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	ETHUSD
ISIN:

ETHEREUM - ETH/USD - Weekly - Technical analysis published on 05/03/2022 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

28%

50%

22%

My opinion

Bearish under 3,521.87 USD

My targets

2,412.93 USD (-13.24%)

1,790.53 USD (-35.62%)

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for ETHEREUM - ETH/USD as long as the price remains well below 3,521.87 USD. The next bearish objective for sellers is set at 2,412.93 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,790.53 USD. In case of crossing, the next objective would be the support located at 124.34 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 2,412.93 USD. With this support, against the trend traders who want to buy ETHEREUM - ETH/USD on a buy signal from their trading strategy should not hesitate to act.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

1.4

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

Additional analysis

Quotes

The ETHEREUM - ETH/USD rating is 2,781.09 USD. Over 5 days, this instrument lost -3.76% and was traded between 2,717.26 USD and 2,945.57 USD over the period. The price is currently at +2.35% from its lowest point and -5.58% from its highest point.

2,717.26

2,945.57

2,781.09

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ETHEREUM - ETH/USD in Weekly shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Near support of triangle

Type : Bullish

Timeframe : Weekly

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

White hanging man / hammer

Type : Neutral

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	124.34	1,790.53	2,412.93	2,781.09	3,521.87	4,176.00	4,811.25
Change (%)	-95.53%	-35.62%	-13.24%	-	+26.64%	+50.16%	+73.00%
Change	-2,656.75	-990.56	-368.16	-	+740.78	+1,394.91	+2,030.16
Level	Minor	Minor	Major	-	Intermediate	Intermediate	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	2,695.10	2,737.33	2,796.80	2,839.03	2,898.50	2,940.73	3,000.20
Camarilla	2,828.30	2,837.63	2,846.95	2,856.27	2,865.59	2,874.92	2,884.24
Woodie	2,703.72	2,741.64	2,805.42	2,843.34	2,907.12	2,945.04	3,008.82
Fibonacci	2,737.33	2,776.18	2,800.18	2,839.03	2,877.88	2,901.88	2,940.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,303.03	2,510.89	2,618.94	2,826.80	2,934.85	3,142.71	3,250.76
Camarilla	2,640.12	2,669.07	2,698.03	2,726.99	2,755.95	2,784.91	2,813.87
Woodie	2,253.13	2,485.94	2,569.04	2,801.85	2,884.95	3,117.76	3,200.86
Fibonacci	2,510.89	2,631.57	2,706.12	2,826.80	2,947.48	3,022.03	3,142.71

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,575.63	2,147.19	2,437.09	3,008.65	3,298.55	3,870.11	4,160.01
Camarilla	2,490.09	2,569.06	2,648.02	2,726.99	2,805.96	2,884.92	2,963.89
Woodie	1,434.80	2,076.78	2,296.26	2,938.24	3,157.72	3,799.70	4,019.18
Fibonacci	2,147.19	2,476.27	2,679.57	3,008.65	3,337.73	3,541.03	3,870.11

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):	44.71
MACD (12,26,9):	-115.7400
Directional Movement:	-5.58
AROON (14):	64.29
DEMA (21):	2,926.31
Parabolic SAR (0,02-0,02-0,2):	2,440.90
Elder Ray (13):	-180.68
Super Trend (3,10):	4,100.53
Zig ZAG (10):	2,781.39
VORTEX (21):	0.8900
Stochastique (14,3,5):	43.76
TEMA (21):	2,720.76
Williams %R (14):	-62.33
Chande Momentum Oscillator (20):	-87.89
Repulse (5,40,3):	-12.6700
ROCnROLL:	2
TRIX (15,9):	-0.5100
Courbe Coppock:	6.34

MA7:	2,834.05
MA20:	2,939.90
MA50:	3,065.15
MA100:	2,910.42
MAexp7:	2,911.62
MAexp20:	3,054.06
MAexp50:	2,931.88
MAexp100:	2,354.33
Price / MA7:	-1.87%
Price / MA20:	-5.40%
Price / MA50:	-9.27%
Price / MA100:	-4.44%
Price / MAexp7:	-4.48%
Price / MAexp20:	-8.94%
Price / MAexp50:	-5.14%
Price / MAexp100:	+18.13%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15111

Number of analyses :

72838

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…