ETHEREUM - ETH/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETHUSD
ISIN:

ETHEREUM - ETH/USD - Weekly - Technical analysis published on 05/10/2022 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

17%

72%

11%

My opinion

Bearish under 3,008.65 USD

My targets

1,790.53 USD (-24.47%)

1,575.63 USD (-33.54%)

My analysis

The current short-term bearish acceleration registered on ETHEREUM - ETH/USD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 3,008.65 USD. Short-term sellers will use the support located at 1,790.53 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 1,575.63 USD. Crossing this support would then open the door for sellers to target 124.34 USD. Caution, if there is a return to below 3,008.65 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

3.2

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 2,370.71 USD. The price is lower by -19.38% over the 5 days and has been traded over the last 5 days between 2,486.22 USD and 2,757.11 USD. This implies that the 5 day price is -4.65% from its lowest point and -14.01% from its highest point.

2,486.22

2,757.11

2,370.71

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this ETHEREUM - ETH/USD chart shows a neutral trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Weekly

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Weekly

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

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	124.34	1,790.53	2,370.71	2,412.93	3,521.87	4,176.00
Change (%)	-94.76%	-24.47%	-	+1.78%	+48.56%	+76.15%
Change	-2,246.37	-580.18	-	+42.22	+1,151.16	+1,805.29
Level	Minor	Minor	-	Major	Intermediate	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	1,827.80	2,027.47	2,128.91	2,328.58	2,430.02	2,629.69	2,731.13
Camarilla	2,147.55	2,175.15	2,202.75	2,230.35	2,257.95	2,285.55	2,313.16
Woodie	1,778.69	2,002.91	2,079.80	2,304.02	2,380.91	2,605.13	2,682.02
Fibonacci	2,027.47	2,142.49	2,213.56	2,328.58	2,443.60	2,514.67	2,629.69

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,114.19	2,350.83	2,492.93	2,729.57	2,871.67	3,108.31	3,250.41
Camarilla	2,530.89	2,565.60	2,600.32	2,635.04	2,669.76	2,704.48	2,739.19
Woodie	2,066.93	2,327.20	2,445.67	2,705.94	2,824.41	3,084.68	3,203.15
Fibonacci	2,350.83	2,495.51	2,584.89	2,729.57	2,874.25	2,963.63	3,108.31

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 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):	39.10
MACD (12,26,9):	-157.7400
Directional Movement:	-12.54
AROON (14):	-42.86
DEMA (21):	2,811.54
Parabolic SAR (0,02-0,02-0,2):	3,580.21
Elder Ray (13):	-466.42
Super Trend (3,10):	3,782.11
Zig ZAG (10):	2,380.47
VORTEX (21):	0.8600
Stochastique (14,3,5):	28.69
TEMA (21):	2,579.38
Williams %R (14):	-86.94
Chande Momentum Oscillator (20):	-241.98
Repulse (5,40,3):	-22.7000
ROCnROLL:	2
TRIX (15,9):	-0.5700
Courbe Coppock:	8.90

MA7:	2,591.81
MA20:	2,779.79
MA50:	3,030.82
MA100:	2,916.48
MAexp7:	2,763.96
MAexp20:	2,985.30
MAexp50:	2,908.51
MAexp100:	2,354.09
Price / MA7:	-8.53%
Price / MA20:	-14.72%
Price / MA50:	-21.78%
Price / MA100:	-18.71%
Price / MAexp7:	-14.23%
Price / MAexp20:	-20.59%
Price / MAexp50:	-18.49%
Price / MAexp100:	+0.71%

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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