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 ---
--%
Saturday Sep 22nd 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 Rally to Extend Further

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether’s price is poised to extend gains against the US dollar. ETH/USD could test the $1,000.00 level whereas ETH/BTC may perhaps break 0.0900BTC.

Key Highlights

Ether is gaining bullish momentum as it recently broke a major resistance at $950.00 against the US dollar.
There was a break above a contracting triangle with resistance at $940.00 on the hourly chart of ETH/USD.
ETH/BTC is under pressure and it is heading towards a crucial support at 0.0900BTC.

Technically, the hourly chart indicators are gaining upside momentum in the bullish territory.

ETH/USD to Retest $1,000?

There were further upsides in ETH/USD during the past few hours as the pair succeeded in moving past a pivotal resistance area near $950.00.

On the Bitcoin front, there was a sharp increase in selling pressure on ETH/BTC. The main reason was upsides in bitcoin, which could push the pair further lower toward the 0.0900BTC support level.

Ether Price Analysis Chart

On a positive note, the hourly chart of ETH/USD suggests that the pair broke a major resistance near $945.00-950.00. It also succeeded in breaking a contracting triangle with resistance at $940.00.

The price moved above the $960.00 level and formed a high at $965.94. The past few candles are very bullish, signaling more gains in the near term toward $980.00 and $1,000.00. In case of a correction, the broken resistance at $950.00 will most likely act as a support.

Furthermore, there is a bullish trendline on the same chart with support at $950.00 which created an in-day support. Should the price corrects lower from current levels, it could find buyers near that mark.

Ethereum Price ETH/USD Forecast

Moving up to the 4-hour chart of ETH/USD, it seems like the pair is approaching a major connecting resistance trendline at $970.00. It may struggle to break the stated $970.00 resistance, but if it succeeds, the next stop for buyers could be $1,000.00.

On the flip side, if Ether’s price fails near $970.00 and corrects lower, then it could test a bullish trendline with support at $900.00.

Important Resistance Levels

$970.00 and $1,000.00

Important Support Levels

$950.00 and $900.00

Hourly RSI

The RSI is moving higher toward the 70 level.

Hourly MACD

The MACD is showing a lot of positive signs in 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. 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.