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 Approaching Next Crucial Break





Ether’s price is slowly moving lower against the US dollar and bitcoin. ETH/USD could decline sharply if it continues to struggle near the $138.00 and $140.00 resistances.

Key Highlights

Ether’s price continued to struggle near the $140.00 resistance against the US dollar.
ETH/USD could accelerate losses if it clears the $135.00 support and a bullish trendline on the 2-hour chart.
ETH/BTC extended losses below the 0.0345BTC support and may revisit 0.0342BTC.

Technically, the 12-hour chart indicators are currently flat just below midlines in bearish territory.

Ether Price Analysis (ETH)

In the past few sessions, ETH/USD made many attempts to clear the $140.00 resistance level, but buyers failed to gain bullish momentum. The pair is currently moving lower toward $135.00, below which there is a risk of a sharp decline.

ETH/BTC faced increased selling pressure and recently broke the 0.0350BTC and 0.0348BTC support levels. The pair even broke the 0.0345BTC support and could continue to move down toward 0.0342BTC or 0.0340BTC.

Ethereum Price Analysis ETH Forecast

Starting with the 12-hour chart of ETH/USD, the pair clearly faced a strong resistance near the $140.00 level (the previous support area). Recently, there was a sharp bearish reaction, but the price bounced back above the $135.00 support.

On the downside, there is a crucial support formed near $135.00 and a connecting bullish trendline. Should Ether settle below the $135.00 support, there is a risk of a downside extension toward the $124.00 support area and the 61.8 percent Fibonacci retracement level of the upward move from $101.40 to $167.41.

Ether Price Analysis Chart

To start a fresh bullish wave, a convincing break and close above $140.00 is a must in the coming sessions. Moving down to the 2-hour chart of ETH/USD, the pair is approaching a significant support at $135.00 and a bullish trendline.

Therefore, the $135.00 support could play an important role in the near term. A clear break and 2-hour close below $135.00 may push Ether into a bearish zone. The next stop for sellers could be $130.00 or $124.00. The current price action is slightly bearish, suggesting a continuous failure to break the $140.00 resistance is likely to put buyers on the back foot.

Weekly Resistance Levels

$138.00 and $140.00

Weekly Support Levels

$135.00 and $130.00

12-hour RSI

The RSI is currently flat near the 45 level.

12-hour MACD

The MACD is slowly gaining pace in the bearish 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.

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.