ETHEREUM - ETH/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETHUSD
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ETHEREUM - ETH/USD - 15 min. - Technical analysis published on 11/08/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

28%

33%

39%

My opinion

Bullish above 2,839.51 USD

My targets

2,977.28 USD (+1.12%)

3,057.53 USD (+3.85%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ETHEREUM - ETH/USD as long as the price remains well above 2,839.51 USD. The buyers' bullish objective is set at 2,977.28 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3,057.53 USD. If there is any crossing, the next objective would be the resistance located at 3,195.30 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

Force

4.5

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

Additional analysis

Quotes

The ETHEREUM - ETH/USD rating is 2,944.29 USD. On the day, this instrument gained +1.63% with the lowest point at 2,889.47 USD and the highest point at 2,985.04 USD. The deviation from the price is +1.90% for the low point and -1.37% for the high point.

2,889.47

2,985.04

2,944.29

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 15 min. of this ETHEREUM - ETH/USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 15 minutes

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,618.68	2,781.19	2,880.64	2,944.29	3,350.27	3,529.12	3,886.31
Change (%)	-11.06%	-5.54%	-2.16%	-	+13.79%	+19.86%	+31.99%
Change	-325.61	-163.10	-63.65	-	+405.98	+584.83	+942.02
Level	Major	Intermediate	Intermediate	-	Minor	Intermediate	Major

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	2,541.24	2,621.49	2,759.26	2,839.51	2,977.28	3,057.53	3,195.30
Camarilla	2,837.08	2,857.06	2,877.05	2,897.03	2,917.02	2,937.00	2,956.99
Woodie	2,570.00	2,635.87	2,788.02	2,853.89	3,006.04	3,071.91	3,224.06
Fibonacci	2,621.49	2,704.77	2,756.23	2,839.51	2,922.79	2,974.25	3,057.53

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,136.99	2,299.23	2,396.28	2,558.52	2,655.57	2,817.81	2,914.86
Camarilla	2,422.04	2,445.80	2,469.57	2,493.34	2,517.11	2,540.88	2,564.65
Woodie	2,104.41	2,282.93	2,363.70	2,542.22	2,622.99	2,801.51	2,882.28
Fibonacci	2,299.23	2,398.28	2,459.47	2,558.52	2,657.57	2,718.76	2,817.81

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,839.04	2,074.60	2,294.77	2,530.33	2,750.50	2,986.06	3,206.23
Camarilla	2,389.62	2,431.40	2,473.18	2,514.95	2,556.73	2,598.50	2,640.28
Woodie	1,831.36	2,070.75	2,287.09	2,526.48	2,742.82	2,982.21	3,198.55
Fibonacci	2,074.60	2,248.69	2,356.24	2,530.33	2,704.42	2,811.97	2,986.06

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):	45.20
MACD (12,26,9):	1.6200
Directional Movement:	0.04
AROON (14):	50.00
DEMA (21):	2,941.68
Parabolic SAR (0,02-0,02-0,2):	2,977.96
Elder Ray (13):	-12.60
Super Trend (3,10):	2,914.27
Zig ZAG (10):	2,928.82
VORTEX (21):	0.9900
Stochastique (14,3,5):	22.78
TEMA (21):	2,941.46
Williams %R (14):	-71.91
Chande Momentum Oscillator (20):	-24.51
Repulse (5,40,3):	0.1100
ROCnROLL:	-1
TRIX (15,9):	0.0300
Courbe Coppock:	1.05

MA7:	2,618.63
MA20:	2,585.87
MA50:	2,555.78
MA100:	2,548.13
MAexp7:	2,938.58
MAexp20:	2,937.96
MAexp50:	2,930.27
MAexp100:	2,908.77
Price / MA7:	+12.44%
Price / MA20:	+13.86%
Price / MA50:	+15.20%
Price / MA100:	+15.55%
Price / MAexp7:	+0.19%
Price / MAexp20:	+0.22%
Price / MAexp50:	+0.48%
Price / MAexp100:	+1.22%

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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