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’s Upside Potential Limited





Ether is trading in a tight range against the US dollar and bitcoin. ETH/USD could continue to struggle as long as it is below the $111.50 resistance.

Key Highlights

Ether’s price is facing key resistance near $108.00 and $111.50 against the US dollar.
A major bullish trendline is formed with support at $105.50 on the 2-hour chart of ETH/USD.
ETH/BTC is slowly moving higher toward the 0.0314BTC and 0.0315BTC levels.

Technically, the 2-hour chart indicators are back below midlines in bearish territory.

Ether Price Analysis

Recently, ETH/USD buyers made another attempt to surpass the $108.00 and $110.00 resistance levels. However, they failed to gain momentum, resulting in a fresh bearish wave.

ETH/BTC remained above the 0.0310BTC support and is currently climbing higher. An immediate resistance is at 0.0314BTC, followed by 0.0315BTC and 0.0318BTC. If there is a downside correction, the 0.0308BTC support could prevent losses.

Ethereum Price Analysis ETH

Starting with the 2-hour chart of ETH/USD, the pair started a major downward move after it failed near the $111.00 resistance level. A high was formed at $111.47, and the price declined below the $108.00 support.

Ether even traded below the 50 percent Fibonacci retracement level of the upward move from the $104.07 low to $111.47 high. However, the $105.00 level and a major bullish trendline with current support at $105.50 prevented further losses.

The price recovered above $107.00, but it failed to gain momentum above the $108.00 resistance. The most important resistance is near $111.00 and $111.50, above which buyers are likely to gain strength in the near term.

Ether Price Analysis Chart

On the flip side, a downside break below the trendline support and $105.00 could trigger a nasty drop toward the $101.05 low or $100.00. Moving down to the 30-minute chart of ETH/USD, there is a strong resistance formed near the $108.20 level and a bearish trendline.

In the short term, a convincing break above $108.00 and follow-through above $108.20 might open the doors for a test of the $111.50 resistance. Conversely, a clear break below $106.00 and $105.00 could spark bearish moves in the coming sessions.

Important Resistance Levels

$108.20 and $111.50

Important Support Levels

$106.00 and $105.00

2-hour RSI

The RSI is currently flat near the 40 level.

2-hour MACD

The MACD is 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 Ethereum, Ethereum 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.