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

Ether Price Consolidating Losses Vs Dollar





Ether price remained stable during the past two sessions against the US Dollar. There is a consolidation pattern formed with support near $9.50.

Key Highlights

Ether price remained supported near $9.50 against the US Dollar, and looks like consolidating losses.
There is an ascending channel pattern formed on the 30-min chart of ETH/USD, acting as a consolidating pattern.
The pair is likely approaching a break when we look at the 2-hour chart.

Technically, the 2-hour chart indicators are struggling to move into the bullish territory.

Ether Price Breakout Pattern

Yesterday, we saw how Ether price recovery was capped by the monthly pivot at $10.00 against the US Dollar. Since then, the price was seen trading in a range and consolidating losses.

Ether Price Analysis Chart

Looking at the 30-min chart of ETH/USD, there is an ascending channel pattern formed, which is acting as a consolidation pattern. Now, we can also consider this as a flag pattern.

If this is a flag pattern, then once it completes, it could open the doors for yet another downside move. On the other hand, if it’s not a flag. It could just help the price in gaining bids.

On the downside, the channel support is near $9.50, which is also around the 50% Fibonacci retracement level of the last wave from the $9.14 low to $10.00 high. So, the stated support holds the key and may act as a pivot or breakout level in the short term.

If the price moves below $9.50, it could clear the way for another downside push towards $9.20. On the upside, there is only channel resistance trend line as a hurdle for gains. If the pair manages to surpass it, there could be a move towards $10.00.

Ethereum ETH/USD Chart

The 2-hour chart suggests that the pair is about to reach a breakout zone. There looks like a contracting triangle pattern, which is about to complete. The last H2 candle looks bearish, and suggesting a downside move.

Overall, it looks like the price may soon complete the current consolidation pattern for the next move depending upon the break.

Important Breakout Levels

$9.80 and $10.00

2-hour RSI

The RSI technical indicator is below the 50 level, and failed recently to move higher.

2-hour MACD

The MACD is mostly flat, and attempting to move into the bearish 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 Analysis, Ether Price Forecast 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.