Ethereum

Ethereum Market Report: $ETH Slightly Bullish

@KittyBitcoin logo
December 15 2018 20:59 UTC

 

Ethereum has lost -0.56% or -0.47 USDT in twenty-four hours. In this Saturday Edition find $ETH price action, trend, technicals and more. Or jump right to the Ethereum $ETH Price Outlook.

 

Price Action

The price of $ETH has fallen over twenty-four hours. The last price at press time is 83.51 USDT. In Binance light to moderate volume trading the daily change is -0.56%, or -0.47 USDT:
$ETH Price Change
period % USDT
24 hours -0.56 -0.47
7 days -7.61 -6.88
1 month -54.70 -100.84

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Trend

trend is UP

The Ethereum hourly trend is up. The last two price candles are green. Since hitting today’s yearly low of $81.79 six hours ago the trend has been up. This is also seen in the MACD results below.

[Trend is "up" when the hourly price movement is predominantly upwards.]

Real Time Market Depth

The real time market depth is bearish.

 

[The real time market depth is a fractional representation of the order book, used to assist in determining market direction.]

Chart

Tap / click to zoom:

eth-usdt-binance-one-hour-chart-2018-12-15

 

Technicals

Moving Average Convergence Divergence (MACD)

The MACD on the one hour chart is bullish.

[MACD is a trend-following momentum indicator]

 

Exponential Moving Averages (EMA)

period average
7 day 83.12
25 day 83.73
99 day 86.45

Our short term EMA is sitting well below the long term EMA, but is closing in on the medium term EMA. The ascent angle and this condition is bullish.

[EMA is a type of moving average that weights recent price fluctuations more, yielding a better short term signal]

 

Relative Strength Index (RSI)

The Relative Strength Index on the one hour chart is 51.9. This is a neutral state.

The RSI is smack in the middle of the neutral zone.

[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]

 

Bitcoin Price Modifier

The 24 hour Bitcoin change is -0.40%. This may exert a neutral influence on Ethereum today.

[The bitcoin price modifier reflects the historical correlation between the price of $BTC and altcoins]

 

Ethereum $ETH Price Outlook

slightly bullish

  • the Ethereum $ETH price outlook is slightly bullish
  • if the price finds acceptance at higher levels the immediate resistance prints at 85.00
  • if the price finds acceptance at lower levels the immediate support prints at 81.79
Resistance levels: 85.00 90.71 98.70

Support levels: 81.79 82.07

 

Invalidation: This outlook is no longer valid if the asset has performed outside of its resistance or support levels, or outside of its short term analysis period.

 

Independent Comparison

Comparing our outlook with independent, automated results from Investing.com shows:

Asset: Ethereum $ETH
Time Period: Hourly
Summary: neutral
Moving Averages: neutral
Technical Indicators: buy

 

Disclosure

The author does not hold Ethereum $ETH at the time of writing.

About @KittyBitcoin

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@KittyBitcoin has provided timely and informative blockchain intelligence since 2014. Request your custom content today, browse @KittyBitcoin on Twitter® or visit the KittyBitcoin.com website.

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