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 ---

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

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


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

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us

ETH/USD Forecast: Upside Drift In Focus





Ether price extended the range against the US Dollar, and traded higher. At the moment, the ETH/USD pair is looking for further gains above $8.55-8.60.

Key Highlights

Ether price managed to pop higher against the US Dollar, and broke the $8.20 and $8.40 resistance area.
The ETH/USD pair is currently pressuring the $8.55 resistance area, and looking for a break above it.
A successful close above the mentioned resistance might ignite more upsides in the short term.

Technically, the indicators on the near-term studies are turning into full bullish setup.

Ether Price Sighting Gains

There was a positive trend development yesterday in Ether price against the US Dollar. The ETH/USD pair was seen recovering within an important range of $8.00-$8.50.

Ether Price Analysis Chart

The pair later gained pace from the $8.00 support area and moved higher. The 30-min chart suggests that a lot happened during the past couple of sessions. First, there was a break above the $8.20 resistance area, which opened the doors for an upside move.

Second, the price also managed to break the 38.2% Fib retracement level of the last decline from the $8.55 high to $7.93 low. The price traded towards the $8.45 level where a consolidation phase started.

The price traded in a range for some time with support at $8.30 and resistance at $8.45. The pair later gained pace, and managed to break the consolidation pattern resistance.

As a result, there was an upside drift above the $8.50 resistance. The price traded above the last swing high of $8.55, and traded as high as $8.58. The recent move in ETH/USD points a short-term trend change, as technical studies are turning into full bullish setup.

Ethereum ETH/USD Forecast Chart

The 2-hour chart of ETH/USD shows how the pair is pressuring the $8.55 barrier. The Ether buyers are clearly looking for a H2 close above the highlighted resistance area.

If they succeed, we can witness a move towards the $8.80 level or even towards $9.00 in the near term.

Important Resistance Levels

$8.55 and $8.80

Important Support Levels

$8.40 and $8.20

2-hour RSI

The RSI technical indicator is now above the 50 level, and heading north.

2-hour MACD

The MACD has moved sharply from the bearish to bullish slope.

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.

The content on 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 content to make an investment decision. is not responsible for any investment decision made by you. You are responsible for your own investment research and investment decisions.