ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Saturday Feb 16th 2019
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Contact Us

Ethereum Price Forecast: Ether Targets Fresh Highs

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether’s price surged higher against the US dollar and bitcoin. ETH/USD broke the $150.00 resistance and may continue to climb toward the $160.00 or $165.00 levels.

Key Highlights

Ether’s price gained bullish momentum and broke the $145.00 and $150.00 resistances against the US dollar.
ETH/USD broke a crucial declining channel with resistance at $141.00 on the 2-hour chart.
ETH/BTC rallied recently and broke the 0.0375BTC and 0.0380BTC resistances.

Technically, the 6-hour chart are gaining momentum in the bullish territory.

Ether Price Analysis

Yesterday, we saw the next breakout pattern in ETH/USD above the $142.00 and $145.00 resistance levels. The pair did break the $145.00 resistance and rallied above the $150.00 hurdle.

ETH/BTC also started a solid upward move above the 0.0360BTC resistance. The pair even broke the 0.0375BTC and 0.0380BTC resistance levels and it seems like there could be more gains toward the 0.0400BTC and 0.0410BTC levels.

Ethereum Price Analysis ETH

Starting with the 6-hour chart of ETH/USD, the pair corrected lower from the $161.35 swing high. It traded below the $140.00 and $130.00 support levels before buyers appeared near $115.00-120.00. Later, the pair formed a support base near $120.00 and traded above the $130.00 and $135.00 resistance levels.

Ether started a solid upward move, broke the $145.00 and $150.00 resistance levels, and is currently following a major bullish trendline, with support at $130.00 on the same chart.

At the outset, the price is trading near the $155.00-160.00 resistance zone. Should Ether break the $160.00 resistance, the price may climb toward the $165.00 and $170.00 resistance levels.

Ether Price Analysis Chart

Moving down to the 2-hour chart of ETH/USD, the pair formed a strong bullish pattern and broke a crucial declining channel with resistance at $141.00 to open the doors for an upside acceleration. The price spiked above the $155.00 level recently, and it seems to be facing sellers near the $156.00 and $157.00.

Overall, the recent bullish wave is signaling a strong increase in buying sentiment above the $145.00 support. On the downside, an initial support is at $150.00, followed by $145.00.

Important Resistance Levels

$160.00 and $165.00

Important Support Levels

$150.00 and $145.00

6-hour RSI

The RSI broke the 50 level with a positive angle.

6-hour MACD

The MACD is placed nicely in the bullish zone.

Aayush Jindal

Aayush has spent over seven years as a financial markets contributor and observer. He specializes in market strategies and technical analysis. He strives to provide entertaining and informative analysis of the currency and commodities markets. He is a software engineer by profession and loves blogging.

ETHNews is commited to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Ether Price, Ether Price Chart and Ethereum Analysis News.

Disclaimer
The content on ETHNews.com is provided for informational purposes only and it is not intended to be, and does not, constitute financial advice or any other advice. You should not rely on any ETHNews.com content to make an investment decision. ETHNews.com is not responsible for any investment decision made by you. You are responsible for your own investment research and investment decisions.