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

Ethereum Price Forecast: Ether Consolidating Above Key Support





Ether’s price is consolidating losses against the US dollar and bitcoin. ETH/USD is likely to bounce back if buyers gain strength above $122.00 and $125.00.

Key Highlights

Ether’s price remains well-supported above the $118.00 level against the US dollar.
ETH/USD is about to break a declining channel with resistance at $120.50 on the 12-minute chart.
ETH/BTC is currently holding the 0.0330BTC support, with a bearish angle.

Technically, the 15-minute chart indicators are slowly moving into the bullish territory.

Ether Price Analysis

Recently, there were a few bearish moves in ETH/USD below the $125.00 and $122.00 support levels. The pair even traded below the $120.00 level, but the $118.00 area acted as a strong barrier.

ETH/BTC is currently consolidating above the 0.0330BTC support. The pair needs to overcome the 0.0342BTC hurdle for a fresh upward move above the 0.0350BTC and 0.0355BTC resistances.

Ethereum Price Analysis ETH

Looking at the 15-minute chart of ETH/USD, the pair recently dipped below the $120.00 support and traded to a new intraday low at $118.21. Later, Ether bounced back sharply, traded above the $120.00 level, and formed a high at $122.34 before starting a downside correction.

The price dipped below $121.00 and the 50 percent Fibonacci retracement level of the recent move from the $118.21 low to $122.34 high. However, the $119.50 level and the 61.8 percent Fibonacci retracement level of the recent move acted as a support.

Ether Price Analysis Chart

At the outset, it seems like Ether’s price has broken a declining channel with resistance at $120.30. More importantly, a successful close above the $122.00 resistance and two bearish trendlines on the 5-minute chart could push the price toward the $123.00 barrier.

The main resistance awaits near $125.00, above which buyers are likely to take control and the price might climb toward the $130.00 area. On the other hand, a bearish reaction below the $119.50 and $118.00 support levels could cement a short-term bearish bias. The next key support is at $115.00, followed by $112.00.

Important Resistance Levels

$122.00 and $125.00

Important Support Levels

$119.00 and $118.00

15-minute RSI

The RSI is moving higher toward the 50 level.

15-minute MACD

The MACD is currently losing momentum in 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, 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.