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 Faces Tough Challenge





Ether is gaining bullish momentum against the US dollar. ETH/USD formed a support base near $365.00 but a break above $420.00 is required to continue the trend.

Key Highlights

Ether’s price is recovering and is placed comfortably above the $390.00 support against the US dollar.
There is a crucial range formed with support at $365.00 and resistance near $420.00 on the 2-hour chart of ETH/USD.
ETH/BTC is struggling to surmount the 0.0550BTC level.

Technically, the 2-hour chart indicators just moved into the bullish territory.

Can ETH/USD Push Through?

Yesterday, we discussed an upside break in ETH/USD above the $380.00 resistance level. Later, the pair traded higher and succeeded in moving above the $400.00 handle.

On the contrary, there was no major upward movement in ETH/BTC, as the pair failed to gain pace above the 0.0550BTC pivot level. It may correct a few points in the near term toward the 0.0520BTC support.

Ether Price Analysis Chart

Starting with the 30-minute chart of ETH/USD, there are many bullish signs above the $390.00 level. The pair recently broke the $400.00 resistance and traded as high as $407.17 before facing a short-term resistance.

It seems like there is an ascending channel forming with support at $400.00 and resistance near $407.00-408.00. Below $400.00, there is another key support at $390.00.

Should the price start a downward correction, the $400.00 and $390.00 support levels will most likely protect declines. Below $390.00, the price could retest $380.00.

Moving up to the 2-hour chart of ETH/USD, the pair seems to be preparing for further gains toward the $420.00 resistance. Overall, there is an important range formed with support at $365.00 and resistance near $420.00.

Ethereum Price ETH/USD Forecast

The $365.00-420.00 range could play a significant role in the near term. The next break, either above $420.00 or below $365.00, could set the tone for a larger wave.

The current price action is positive and it seems like Ether may continue to trade in a range before making an attempt to breach the $420.00 resistance.

Important Resistance Levels

$408.00 and $420.00

Important Support Levels

$390.00 and $365.00

30-minute RSI

The RSI is currently correcting lower from the 75-80 levels.

30-minute MACD

The MACD is gaining momentum in the bullish 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.