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 Relatively Muted With Support Near $10.00





Ether price is slightly bearish against the US Dollar, but the ETH/USD is still above the all-important $10.00 support area.

Key Highlights

Ether price moved down a few points during the past two sessions against the US Dollar to challenge the $10.20 support.
The ETH/USD pair cleared a short-term bullish trend line formed on the hourly chart at $10.50.
The pair remains above a major support area of $10.00, which holds the key going forward.

Technically, the 4-hour chart indicators remain in the bullish territory with no sign of a major decline.

Ether Price Forecast

The ETH/USD pair declined in quiet trading, with the market being relatively muted. It looks like there is a short-term bearish pressure on Ether price, pushing it towards a couple of important support levels.

Ether Price Analysis Chart

There was a slight downside move in ETH/USD recently, as there was a break below a short-term bullish trend line formed on the hourly chart at $10.50. The pair moved down, and tested the $10.20 support area.

The stated support area also represents the 50% Fibonacci retracement level of the last leg up from the $9.52 low to $10.85 high. So, there were strong bids, avoiding a close below $10.20.

However, the recent break looks real, and may ignite a downside move towards $10.00 in ETH/USD, which is a crucial support area. Any major downsides are very unlikely since there are no signs of a trend change on higher timeframe charts.

The 4-hour chart of ETH/USD clearly shows how the pair is well-supported on the downside. There is a bullish trend line on the same chart, acting as a barrier for a bearish break. As long as the pair is above the trend line, it may bounce back towards $10.60.

Ethereum ETH/USD Chart

The only concern I have is the last three candles on the H4 chart. They suggest that the price is struggling to gain momentum. In such cases, there are possibilities of a downside break. So, we need to be very careful and keep a watch on the $10.00 support.

Important Resistance Levels

$10.60 and $10.80

Important Support Levels

$10.20 and $10.00

Hourly RSI

The RSI technical indicator is still above the 50 level with flat structure.

Hourly MACD

The MACD has just moved into the bearish slope, but with no real momentum.

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 Forecast, Ether Price 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.