ETHEREUM - ETH/USD - 1H - Technical analysis published on 06/09/2023 (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:
Bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 1,862.21 USD
My targets
1,821.77 USD (-1.26%)
1,797.85 USD (-2.55%)
My analysis
In a bearish trend, the price of ETHEREUM - ETH/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 1,862.21 USD. A bearish break in the support located at 1,821.77 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 1,797.85 USD. Then 1,779.78 USD by extension. It would be safer to wait for a bearish break in the support located at 1,821.77 USD before allowing yourself to re trade short positions (for sale) on ETHEREUM - ETH/USD. PS: if there is a bullish break in the resistance located at 1,862.21 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD rating is 1,844.94 USD. On the day, this instrument lost -0.07% and was between 1,830.29 USD and 1,849.26 USD. This implies that the price is at +0.80% from its lowest and at -0.23% from its highest.1,830.29
1,849.26
1,844.94
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ETHEREUM - ETH/USD indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
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 | 1,797.85 | 1,821.77 | 1,839.64 | 1,844.94 | 1,862.21 | 1,908.93 | 1,996.33 |
| Change (%) | -2.55% | -1.26% | -0.29% | - | +0.94% | +3.47% | +8.21% |
| Change | -47.09 | -23.17 | -5.30 | - | +17.27 | +63.99 | +151.39 |
| Level | Major | Intermediate | Minor | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,796.79 | 1,813.00 | 1,829.58 | 1,845.79 | 1,862.37 | 1,878.58 | 1,895.16 |
| Camarilla | 1,837.14 | 1,840.15 | 1,843.15 | 1,846.16 | 1,849.17 | 1,852.17 | 1,855.18 |
| Woodie | 1,796.98 | 1,813.09 | 1,829.77 | 1,845.88 | 1,862.56 | 1,878.67 | 1,895.35 |
| Fibonacci | 1,813.00 | 1,825.53 | 1,833.26 | 1,845.79 | 1,858.32 | 1,866.05 | 1,878.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,732.57 | 1,779.06 | 1,835.63 | 1,882.12 | 1,938.69 | 1,985.18 | 2,041.75 |
| Camarilla | 1,863.87 | 1,873.32 | 1,882.76 | 1,892.21 | 1,901.66 | 1,911.10 | 1,920.55 |
| Woodie | 1,737.62 | 1,781.58 | 1,840.68 | 1,884.64 | 1,943.74 | 1,987.70 | 2,046.80 |
| Fibonacci | 1,779.06 | 1,818.43 | 1,842.75 | 1,882.12 | 1,921.49 | 1,945.81 | 1,985.18 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,458.88 | 1,599.66 | 1,736.82 | 1,877.60 | 2,014.76 | 2,155.54 | 2,292.70 |
| Camarilla | 1,797.55 | 1,823.02 | 1,848.50 | 1,873.98 | 1,899.46 | 1,924.94 | 1,950.41 |
| Woodie | 1,457.07 | 1,598.76 | 1,735.01 | 1,876.70 | 2,012.95 | 2,154.64 | 2,290.89 |
| Fibonacci | 1,599.66 | 1,705.83 | 1,771.43 | 1,877.60 | 1,983.77 | 2,049.37 | 2,155.54 |
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): | 49.37 | |
| MACD (12,26,9): | -1.7500 | |
| Directional Movement: | 0.20 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 1,840.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,857.82 | |
| Elder Ray (13): | 1.05 | |
| Super Trend (3,10): | 1,853.41 | |
| Zig ZAG (10): | 1,845.28 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 46.91 | |
| TEMA (21): | 1,840.54 | |
| Williams %R (14): | -40.13 | |
| Chande Momentum Oscillator (20): | -5.66 | |
| Repulse (5,40,3): | 0.4100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.98 |
| MA7: | 1,857.46 | |
| MA20: | 1,854.49 | |
| MA50: | 1,854.82 | |
| MA100: | 1,817.91 | |
| MAexp7: | 1,841.50 | |
| MAexp20: | 1,842.72 | |
| MAexp50: | 1,845.90 | |
| MAexp100: | 1,851.75 | |
| Price / MA7: | -0.67% | |
| Price / MA20: | -0.51% | |
| Price / MA50: | -0.53% | |
| Price / MA100: | +1.49% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.37% |
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.
About author
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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…
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