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 Key Breakout





Ether is forming a critical breakout pattern against the US dollar. ETH/USD could clear the $725.00 and $750.00 resistances to start a fresh upward wave.

Key Highlights

Ether failed to stay above the $700.00 support but it is holding ground against the US dollar.
There is a key contracting triangle forming with resistance at $725.00 on the 6-hour chart ETH/USD.
ETH/BTC is currently trading in a range between 0.0720BTC and 0.0765BTC.

Technically, the 6-hour chart indicators are flat with minor bullish signals in the bearish territory.

Can ETH/USD Make it?

The past few sessions were slightly bearish for ETH/USD as the pair struggled to move higher. It declined and even broke the $700.00 support level.

ETH/BTC continues to trade in a range with a bearish angle below 0.0780BTC. The pair must stay above the 0.0720BTC support to increase chances of an upward recovery.

Ethereum Price ETH/USD Forecast

Starting with the 6-hour chart of ETH/USD, there was a solid decline from the $894.91 high. The pair traded as low as $642.35 and is currently consolidating losses around the $700.00 handle.

More importantly, there is a key contracting triangle forming with resistance at $725.00. The pair struggled to break the triangle resistance on many occasions recently, therefore, a break above the $725.00 resistance could initiate a welcome rally in Ether.

On the downside, the triangle support is currently at $685.00. Should there be a 2-hour close below $685.00, the price may accelerate losses toward the last low of $642.35. Should that be the case, there is a risk of further declines toward $600.00.

Ether Price Analysis Chart

Dropping down to the 2-hour chart of ETH/USD, there is a resistance zone forming around $750.00. Thus, a push above $725.00 and $750.00 is required to increase buying interest in the near term.

There is a connecting bullish trendline on the same chart with support at $675.00, a break above which would only contribute to an ETH/USD rally. If the pair can clear $725.00, buyers will set their eyes on the key $750.00 barrier.

Important Resistance Levels

$725.00 and $750.00

Important Support Levels

$685.00 and $675.00

6-hour RSI

The RSI is struggling to rise from the 40 level.

6-hour MACD

The MACD is neutral 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.