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 Rallies above $850





Ether reversed yesterday’s losses against the US dollar and bitcoin. ETH/USD is gaining momentum and is currently trading above the $850.00 pivot level.

Key Highlights

Ether found strong bids near the $780.00-800.00 support and rallied against the US dollar.
There was a break above a significant bearish trendline with resistance at $840.00 on the hourly chart of ETH/USD.
ETH/BTC started an upside correction from the 0.0800BTC support area.

Technically, the 4-hour chart indicators are rising sharply toward the midlines with solid bullish signs.

ETH/USD Back in Positive Zone

Yesterday, we discussed a key support near $780.00 in ETH/USD. The pair succeeded in holding the stated $780.00 support, formed a low at $788.16, then started a fresh upward move.

ETH/BTC started its own upward correction after consolidating near the 0.0800BTC support. The pair is now approaching the 0.0850BTC resistance area before 0.0880BTC.

Ethereum Price ETH/USD Forecast

When looking at the 4-hour chart of ETH/USD, we clearly see how the pair tested a major support area near $780.00. Ether sellers failed to push the price below the mentioned $780.00, which resulted in a sharp bullish move.

The pair jumped above the 23.6 percent Fibonacci retracement level of the last decline from the $981.64 high to $788.16 low. The current and last 4-hour candles are very bullish, suggesting a reversal pattern.

$910.00 could act as a resistance, possibly preventing further gains in the current wave from the $788.16 low. An intermediate resistance awaits near $885.00, which marks the 50 percent Fibonacci retracement level of the last decline from the $981.64 high to $788.16.

Ether Price Analysis Chart

Moving on to the hourly chart of ETH/USD, there was a break above a significant bearish trendline with resistance at $840.00. However, it seems like the pair may find it difficult to pierce the $900.00-910.00 resistance.

However, a successful close above $910.00 could accelerate gains toward $950.00 in the near term. There's an initial support at $850.00, followed by the $820.00 swing low, and a final crucial support at $800.00 to aid the move.

Important Resistance Levels

$900.00 and $910.00

Important Support Levels

$850.00 and $820.00

4-hour RSI

The RSI is moving higher and it may perhaps move above 50.

4-hour MACD

The MACD is showing a lot of positive signs.

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.

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.