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 ---
--%
Tuesday Feb 20th 2018
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 Continues to Gain

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether remains well bid against the US dollar and bitcoin. ETH/USD is consolidating above the $1,050.00 level and it seems to be preparing for further upsides.

Key Highlights

Ether is showing positive signs with a 2-hour close above the $1,000.00 level against the US dollar.
ETH/USD is trading above a major bearish trendline with resistance at $1,020.00 on the 2-hour chart.
ETH/BTC is consolidating above the 0.0900BTC level and is preparing for the next move.

Technically, the 12-hour chart indicators are slowly moving higher in the bearish territory toward the midlines.

Will Ether's Price Gain Upside Traction?

There were mostly ranging moves in ETH/USD above the $1,000.00 level during the past two sessions. The pair is trading with a positive bias and it seems to be preparing for further gains.

ETH/BTC is also positioned nicely in the bullish zone above the 0.0900BTC level. The pair could soon attempt an upside break above the all-important 0.1000BTC resistance.

Ethereum Price ETH/USD Chart

Starting with the 12-hour chart of ETH/USD, the last major drop was protected by a crucial support area near $750.00. The pair recovered nicely and moved back above the $1,000.00 level.

More importantly, there was no close below a connecting bullish trendline with current support at $860.00. An intermediate support sits at $950.00. The last four candles are showing positive signs and it seems like the pair may continue to move higher.

Moving on to the 2-hour chart of ETH/USD, the pair is trading above a major bearish trendline with resistance at $1,020.00. An immediate resistance on the upside is at $1,100.00. Should there be a break and 2-hour close above $1,100.00, there could be a push toward the $1,200.00 resistance.

Ether Price Analysis Chart

On the downside, an initial support is at $1,000.00. Below $1,000.00, the 12-hour chart bullish trendline with support at $860.00 may perhaps be tested.

The current price action is positive as long as Ether’s price is above $1,000.00. To the topside, a test of $1,200.00 is possible in the near term. 

Important Resistance Levels

$1,100.00 and $1,200.00

Important Support Levels

$1,000.00 and $950.00

12-Hour RSI

The RSI is slowly moving higher toward the 50 level.

12-hour MACD

The MACD is about to move into 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, comes with an IT background. He possess strong technical analytical skills and is well known for his entertaining and informative analysis of the currency and commodities markets. He is a software engineer by profession, loves blogging and observing financial markets

ETHNews is commited to its Editorial Policy

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