ETHEREUM - ETH/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	ETHUSD
ISIN:

ETHEREUM - ETH/USD - 1H - Technical analysis published on 11/09/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 2,880.64 USD

My targets

3,206.23 USD (+7.16%)

3,350.27 USD (+11.98%)

My analysis

ETHEREUM - ETH/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2,880.64 USD. The next resistance located at 3,206.23 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3,350.27 USD. After this resistance, buyers could then target 3,529.12 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.7

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 price is 2,991.89 USD. The price registered an increase of +0.94% on the session and was between 2,957.14 USD and 2,992.20 USD. This implies that the price is at +1.18% from its lowest and at -0.01% from its highest.

2,957.14

2,992.20

2,991.89

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 result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of ETHEREUM - ETH/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,618.68	2,781.19	2,880.64	2,991.89	3,350.27	3,529.12	3,886.31
Change (%)	-12.47%	-7.04%	-3.72%	-	+11.98%	+17.96%	+29.89%
Change	-373.21	-210.70	-111.25	-	+358.38	+537.23	+894.42
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	2,811.68	2,850.58	2,907.25	2,946.15	3,002.82	3,041.72	3,098.39
Camarilla	2,937.65	2,946.41	2,955.17	2,963.93	2,972.69	2,981.45	2,990.21
Woodie	2,820.58	2,855.02	2,916.15	2,950.59	3,011.72	3,046.16	3,107.29
Fibonacci	2,850.58	2,887.08	2,909.64	2,946.15	2,982.65	3,005.21	3,041.72

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	61.81
MACD (12,26,9):	24.1500
Directional Movement:	13.06
AROON (14):	14.29
DEMA (21):	2,967.04
Parabolic SAR (0,02-0,02-0,2):	2,910.55
Elder Ray (13):	19.69
Super Trend (3,10):	2,880.97
Zig ZAG (10):	2,963.75
VORTEX (21):	1.1300
Stochastique (14,3,5):	75.20
TEMA (21):	2,956.56
Williams %R (14):	-25.07
Chande Momentum Oscillator (20):	22.65
Repulse (5,40,3):	0.3900
ROCnROLL:	1
TRIX (15,9):	0.1200
Courbe Coppock:	2.18

MA7:	2,688.94
MA20:	2,598.62
MA50:	2,564.58
MA100:	2,546.14
MAexp7:	2,952.67
MAexp20:	2,932.88
MAexp50:	2,864.47
MAexp100:	2,763.68
Price / MA7:	+11.27%
Price / MA20:	+15.13%
Price / MA50:	+16.66%
Price / MA100:	+17.51%
Price / MAexp7:	+1.33%
Price / MAexp20:	+2.01%
Price / MAexp50:	+4.45%
Price / MAexp100:	+8.26%

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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