ETHEREUM - ETH/USD - 1H - Technical analysis published on 01/01/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 3,381.19 USD
My targets
3,320.27 USD (-0.87%)
3,278.70 USD (-2.11%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 3,381.19 USD remains possible. It is advisable to trade ETHEREUM - ETH/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 3,381.19 USD. The next bearish objective for sellers is set at 3,320.27 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3,278.70 USD. In case of crossing, the next objective would be the support located at 2,880.64 USD. PS: if there is a bullish break in the resistance located at 3,381.19 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.1
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This analysis was given by Bibi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD price is 3,349.27 USD. On the day, this instrument gained +0.54% and was between 3,308.48 USD and 3,360.92 USD. This implies that the price is at +1.23% from its lowest and at -0.35% from its highest.3,308.48
3,360.92
3,349.27
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM - ETH/USD in 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
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
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 3,300.48 | 3,320.27 | 3,344.67 | 3,349.27 | 3,381.19 | 3,437.53 | 3,512.10 |
| Change (%) | -1.46% | -0.87% | -0.14% | - | +0.95% | +2.64% | +4.86% |
| Change | -48.79 | -29.00 | -4.60 | - | +31.92 | +88.26 | +162.83 |
| Level | Major | Minor | Minor | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,144.75 | 3,227.86 | 3,279.51 | 3,362.62 | 3,414.27 | 3,497.38 | 3,549.03 |
| Camarilla | 3,294.09 | 3,306.44 | 3,318.80 | 3,331.15 | 3,343.50 | 3,355.86 | 3,368.21 |
| Woodie | 3,129.01 | 3,220.00 | 3,263.77 | 3,354.76 | 3,398.53 | 3,489.52 | 3,533.29 |
| Fibonacci | 3,227.86 | 3,279.34 | 3,311.15 | 3,362.62 | 3,414.10 | 3,445.91 | 3,497.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,898.80 | 3,056.96 | 3,227.42 | 3,385.58 | 3,556.04 | 3,714.20 | 3,884.66 |
| Camarilla | 3,307.51 | 3,337.63 | 3,367.76 | 3,397.88 | 3,428.00 | 3,458.13 | 3,488.25 |
| Woodie | 2,904.95 | 3,060.04 | 3,233.57 | 3,388.66 | 3,562.19 | 3,717.28 | 3,890.81 |
| Fibonacci | 3,056.96 | 3,182.49 | 3,260.05 | 3,385.58 | 3,511.11 | 3,588.67 | 3,714.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,905.11 | 2,501.20 | 2,916.17 | 3,512.26 | 3,927.23 | 4,523.32 | 4,938.29 |
| Camarilla | 3,053.11 | 3,145.79 | 3,238.47 | 3,331.15 | 3,423.83 | 3,516.51 | 3,609.19 |
| Woodie | 1,814.56 | 2,455.92 | 2,825.62 | 3,466.98 | 3,836.68 | 4,478.04 | 4,847.74 |
| Fibonacci | 2,501.20 | 2,887.42 | 3,126.03 | 3,512.26 | 3,898.48 | 4,137.09 | 4,523.32 |
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): | 53.58 | |
| MACD (12,26,9): | -2.9700 | |
| Directional Movement: | -0.14 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 3,337.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,309.44 | |
| Elder Ray (13): | 9.86 | |
| Super Trend (3,10): | 3,384.05 | |
| Zig ZAG (10): | 3,350.99 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 83.24 | |
| TEMA (21): | 3,339.60 | |
| Williams %R (14): | -11.74 | |
| Chande Momentum Oscillator (20): | 21.42 | |
| Repulse (5,40,3): | 0.6600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.14 |
| MA7: | 3,349.20 | |
| MA20: | 3,529.52 | |
| MA50: | 3,518.99 | |
| MA100: | 3,063.11 | |
| MAexp7: | 3,342.44 | |
| MAexp20: | 3,342.80 | |
| MAexp50: | 3,351.58 | |
| MAexp100: | 3,359.54 | |
| Price / MA7: | +0.00% | |
| Price / MA20: | -5.11% | |
| Price / MA50: | -4.82% | |
| Price / MA100: | +9.34% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.31% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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