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 ---
--%
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 Primed For More Upside

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether’s price seems to be well-supported on dips against the US dollar and bitcoin. ETH/USD must settle above $143.00 to climb toward $146.00 or even higher.

Key Highlights

Ether’s price is trading nicely above the $141.00 support area against the US dollar.
ETH/BTC started a downside correction below the 0.0345 BTC support level.

Technically, the 2-hour chart indicators are moving lower toward midlines in bullish territory.

Ether Price Analysis (ETH)

Recently, there was another dip in ETH/USD below the $141.00 support level. The pair tested the next key support at $140.00 and later bounced back sharply above $142.00.

On the other hand, ETH/BTC started a downside correction below the 0.0345 BTC support level. The pair is currently trading above the 0.0342 BTC support, but it may test the 0.0340 BTC support zone.

Ethereum Price Analysis ETH Forecast

Starting with the 2-hour chart of ETH/USD, the pair seems to be forming a strong support above the $141.00 level. Recently, there was a dip toward the $140.00 level, but downsides were limited. Ether rebounded nicely above $142.00 and $142.50.

However, the price struggled to gain bullish momentum above $143.20. It seems like there is a crucial contracting triangle formed, with support at $141.00 and resistance near $143.00. Therefore, a successful close above the triangle resistance could set the pace for more gains toward $145.00 and $146.00.

A clear break above the $146.60 swing high is likely to push the price toward the $150.00 resistance. To the downside, the main supports are $141.00 and $140.00. Should Ether settle below the $140.00 support, the price could accelerate its decline toward the $136.00 or $135.00 support.

Ether Price Analysis Chart ETH

Moving down to the 30-minute chart of ETH/USD, the pair is approaching a strong resistance near $143.00 and a bearish trendline. If buyers fail to gain bullish momentum above $143.00 and $143.50, the price could retreat and retest the $141.00 support area.

Overall, Ether seems to be preparing for the next key break either above $143.50 or below $140.00 in the coming sessions.

Important Resistance Levels

$143.50 and $145.00

Important Support Levels

$141.00 and $140.00

2-hour RSI

The RSI is moving down and approaching the 50 level.

2-hour MACD

The MACD is slowly reducing its bullish slope.

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.

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.