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 Consolidating Above $900

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether is consolidating in a limited range against the US dollar but it is under pressure versus bitcoin. ETH/USD is likely approaching a break with resistance at $960.00.

Key Highlights

Ether traded in a small range during the past three sessions above the $900.00 support against the US dollar.
There is an ascending channel forming with support at $915.00 on the 2-hour chart of ETH/USD.
ETH/BTC failed to hold the 0.0850BTC support and is heading toward 0.0800BTC.

Technically, the 6-hour chart indicators are losing momentum in the bullish territory.

Can ETH/USD Move Higher?

The past few sessions were mostly quiet for ETH/USD as the pair traded in a range below the $950.00-960.00 resistance area. Luckily, it remained above the $900.00 support zone.

However, ETH/BTC was under a lot of pressure and it failed to stay above the 0.0850BTC support. It seems like the pair may decline further and it could soon test 0.0800BTC.

Ethereum Price ETH/USD forecast

Looking at the 6-hour chart of ETH/USD, the pair is following a slow and steady uptrend. There are two bullish trendlines forming with support around $910.00. Ether is facing a tough resistance near the $980.00-990.00 levels.

The pair may soon make the next move either above the $980.00 resistance or below the $910.00 support. A break and close below $910.00 may perhaps initiate a fresh downward wave, in which case, Ether’s price could trade back toward the $800.00 level.

Ether Price Analysis Chart

On the flip side, a break above the $980.00 resistance could push the price above the $1,000.00 level. Moving down to the 2-hour chart of ETH/USD, there is an ascending channel forming with support at $915.00. On the upside, the channel resistance at $960.00 is near a connecting bearish trendline on the same chart.

In the short term, the price will most likely follow the channel and consolidate above $910.00. An acceleration through $960.00 could indicate a rally up to the $980.00 region, where the pair topped recently. Below $930.00, the next supports today would be at $915.00 and $910.00.

Important Resistance Levels

$960.00 and $980.00

Important Support Levels

$930.00 and $915.00

6-hour RSI

The RSI is currently just below the 50 level.

6-hour MACD

The MACD is losing momentum 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.