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 ---
--%
Friday Apr 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 Looks to Break Higher

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether is poised to extend gains above $950.00 against the US dollar. ETH/USD is forming a bullish structure with supports on the downside near $910.00 and $900.00.

Key Highlights

Ether is holding key support levels at $910.00 and $900.00 against the US dollar.
There is a rising channel forming with support at $935.00 on the 30-minute chart of ETH/USD.
ETH/BTC is under pressure and it could soon test the 0.0850BTC support area.

Technically, the 2-hour chart indicators are hovering around the midlines in the bullish territory.

ETH/USD is Holding Important Support Levels

There was positive price action during the past three sessions in ETH/USD as the pair was successful in holding two important support levels near $910.00 and $900.00.

On the other hand, ETH/BTC remained in a bearish trend and declined further below 0.0880BTC. The next major support on the downside is around the 0.0850BTC level.

Ether Price Analysis Chart

Starting with the 30-minute chart of ETH/USD, the pair started a new upward wave from the $906.09 low. It is currently in the third wave and is trading above the 23.6 percent Fibonacci retracement level of the last drop from the $981.64 high to $906.09 low.

More importantly, there is a rising channel forming with support at $935.00 on the same chart. The price has to break the $950.00 resistance and gain pace above the 50 percent Fibonacci retracement level of the last drop from the $981.64 high to $906.09 low.

A successful 2-hour close above the $950.00 level could push the price toward the last high of $981.64. Above $981.64, the price may perhaps break the $1,000.00 level.

Ethereum Price ETH/USD Forecast

On the downside, the channel support at $935.00 is an initial support. Below the mentioned $935.00, Ether’s price could retest the all-important $910.00 support (as seen in the 2-hour chart of ETH/USD).

If Ether buyers fail to defend losses below $910.00, it could initiate a fresh downward wave. In short, the price action is bullish above $910.00 in ETH/USD and the pair will most likely break $950.00 and $980.00 for further upsides.

Important Resistance Levels

$950.00 and $980.00

Important Support Levels

$935.00 and $910.00

2-hour RSI

The RSI is currently near 55 with a positive angle.

2-hour MACD

The MACD is stable 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, 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 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.