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 Recovery Continues

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether is slowly moving higher against the US dollar but correcting lower versus bitcoin. ETH/USD could rise further with support at $850.00.

Key Highlights

Ether extended gains and traded above the $880.00 level against the US dollar.
There is a crucial bullish trendline forming with support at $850.00 on the 4-hour chart ETH/USD.
ETH/BTC failed to gain momentum and is currently approaching the 0.0800BTC support.

Technically, the 4-hour chart indicators are back in the bullish territory.

Can ETH/USD Break $910?

There was a decent upward wave initiated for ETH/USD this week. The pair was able to move above the $860.00 and $880.00 resistance levels to set the pace for more gains.

On the other hand, ETH/BTC was not able to rise further toward 0.0880BTC and started a downward correction. It seems like the pair may retest the 0.0800BTC support.

Ethereum Price ETH/USD Forecast

Starting with the 4-hour chart of ETH/USD, there was a solid support formed around $800.00. The pair started an uptrend and moved above two bearish trendlines with resistance at $850.00 and $865.00.

The pair managed to trade slightly above the 50 percent Fibonacci retracement level of the last drop from the $981.64 high to $788.16 low, at $885.00. A 4-hour close above that mark could trigger further gains and the pair may perhaps break the $900.00 and $910.00 resistance levels.

On the downside, there is a crucial bullish trendline forming with support at $850.00 on the same chart. Therefore, if Ether’s price corrects lower, it could find support near $850.00.

Ether Price Analysis Chart

The hourly chart of ETH/USD suggests a series of important supports, such as $870.00, $860.00, and $840.00.

Below $840.00, the price would move back into a negative zone with the next support at $800.00. On the upside, Ether buyers will most likely struggle to break the $910.00 resistance. However, a successful break could extend the current recovery toward $960.00 and then $1,000.00.

4-hour MACD

The MACD has encountered recent bearish pressure.

4-hour RSI

The RSI had moved above 50 with positive signs early in the day.

Important Support Levels

$860.00 and $850.00

Important Resistance Levels

$900.00 and $910.00

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 Analysis 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.