Based on today's classical pivot point (P1) with the value of $2,882.08, Ethereum has support levels of $2,742.44, $2,656.25, and the strongest at $2,516.61. Similarly, Ethereum resistance levels are at $2,968.28, $3,107.92, and $3,194.11.
| # | Price | Strength |
|---|---|---|
| S1 | $2,742.44 | |
| S2 | $2,656.25 | |
| S3 | $2,516.61 |
| # | Price | Strength |
|---|---|---|
| R1 | $2,968.28 | |
| R2 | $3,107.92 | |
| R3 | $3,194.11 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 48.56 | NEUTRAL |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 13.59 | BUY |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 16.58 | NEUTRAL |
| Awesome Oscillator (5, 34) | 21.09 | NEUTRAL |
| Momentum (10) | -75.38 | NEUTRAL |
| MACD (12, 26) | 0.93 | NEUTRAL |
| Williams Percent Range (14) | -86.41 | BUY |
| Ultimate Oscillator (7, 14, 28) | 38.99 | NEUTRAL |
| VWMA (10) | 3,144.75 | SELL |
| Hull Moving Average (9) | 2,946.78 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 3,033.30 | NEUTRAL |
Over the past 7 days, Ethereum price was most positively correlated with the price of Injective (INJ), Render Token (RENDER), Immutable X (IMX), Pepe Coin (PEPE) and Stacks (STX) and most negatively correlated with the price of JUST (JST), Monero (XMR), Sky (SKY), Mantle (MNT) and AB (AB).
| Name | Correlation |
|---|---|
| Injective | 0.974 |
| Render Token | 0.973 |
| Immutable X | 0.971 |
| Pepe Coin | 0.970 |
| Stacks | 0.969 |
| Name | Correlation |
|---|---|
| JUST | -0.819 |
| Monero | -0.575 |
| Sky | -0.485 |
| Mantle | -0.289 |
| AB | -0.243 |
Ethereum price is positively correlated with the top 10 coins by market cap with a price of 0.815, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.795.
Currencies that are positively correlated with Ethereum indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Ethereum, a move in one direction for Ethereum would translate into a move in the opposite direction for the negatively correlated coin.
