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: Sentiment Keeps Favoring Ether





Ether price stayed above the $10.50 support area against the US Dollar, and soon ETH/USD might trade towards $11.00 since the market sentiment remains intact.

Key Highlights

Ether price continued to move higher against the US Dollar, and silently moved towards $10.70.
There is an ascending channel pattern formed on the 30-min chart of ETH/USD, taking the pair higher.
The 2-hour chart suggest that the pair is soon reaching a breakout point with resistance near $10.80.

Technically, the 2-hour chart indicators extended gains in the bullish territory.

Ether Price Approaching a Break?

During the past two sessions, Ether remained in control versus the US Dollar, and slowly moved higher towards $10.70. On the other hand, it was seen weakening against Bitcoin, as ETH/BTC moved below 0.0160BTC.

Ether Price Analysis Chart

When we look at the market sentiment for ETH/USD, it keeps favoring Ether. There was a slow and steady uptrend during the past few hours. The best thing was the fact that the pair stayed above the $10.50 support area.

Looking at the 30-min chart of ETH/USD, there is an ascending channel pattern formed, which is why the pair remained in an uptrend.

The pair almost tested the last swing high of $10.78, but failed to gain momentum for additional gains. However, it is still inside the highlighted channel pattern, and might make another attempt to break $10.78-10.80.

On the downside, a break of the channel support trend line may take the price towards the all-important $10.50-10.40 support area. The same area also coincides with the 50% Fibonacci retracement level of the last wave from the $10.17 low to $10.78 high.

Ethereum ETH/USD Forecast

When we look at the 2-hour chart, it looks like the pair is approaching a break. There is a contracting triangle formed with two support trend lines near $10.50. So, it signifies the importance of the mentioned support area.

Looking at the last few candles and the market sentiment, there are chances of the pair moving past the resistance area and challenging $11.00.

Important Resistance Levels

$10.80 and $11.00

Important Support Levels

$10.50 and $10.40

2-hour RSI

The RSI technical indicator is above the 50 level and pointing north.

2-hour MACD

The MACD remains well placed in the bullish zone with positive bias.

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.