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 ---
--%
Wednesday Sep 19th 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's Bullish Pressure Continues

By

Aayush

Jindal

Guest AnalystETHNews.com

ETH/USD remains elevated in the bullish zone above $750.00 against the US dollar. The pair could soon break $820.00-850.00 and move higher still.

Key Highlights

Ether continues to gain bullish momentum and is currently trading above key supports against the US dollar.
ETH/USD is currently attempting an upside break above a bearish trendline at $820.00 on the 4-hour chart.
ETH/BTC is correcting lower toward the 0.0950BTC support area.

Technically, the 4-hour chart indicators are about to move above their neutral levels into the bullish territory.

Ether to Gain Momentum?

There were mostly bullish moves in ETH/USD during the past three sessions. The pair corrected a few points but remained well bid around the $800.00 support area.

On the other hand, ETH/BTC has started a downward correction below 0.1000BTC. The pair is moving lower toward the 0.0905BTC support, which is a decent buy zone.

Ethereum Price ETH/USD Forecast

Looking at the 4-hour chart of ETH/USD, the pair formed a base near $550.00 and started an upward move. It broke the 23.6 percent Fibonacci retracement level of the last crucial decline from the $1,238.92 high to $564.11 low.

Ether buyers were successful in pushing the price above the $750.00 and $800.00 resistance levels. At present, the pair is attempting a break above a bearish trendline at $820.00 on the same chart.

Should there be a 4-hour close above $820.00, the price could continue to climb toward the next bearish trendline with current resistance at $960.00. An intermediate resistance is $900.00 and the 50 percent Fibonacci retracement level of the previously mentioned decline.

Ether Price Analysis Chart

Moving down to the 30-minute chart of ETH/USD, the pair is facing a resistance near $830.00-$850.00. A successful close above these levels could open the doors for a push toward $900.00 and $960.00.

While there's an initial support at $800.00, the most important support sits at $750.00. The overall bias is bullish and Ether will most likely continue to move higher. 

Important Resistance Levels

$850.00 and $900.00

Important Support Levels

$800.00 and $750.00

4-hour RSI

The RSI is about to move past the 50 level.

4-hour MACD

The MACD has moved into the bullish zone and is gaining momentum.

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.

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.