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 Primed For Gains

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether is likely preparing for an upside break against the US dollar. ETH/USD is poised to settle above $380.00 for further gains toward $400.00.

Key Highlights

Ether’s price is forming a solid support near $360.00 with positive signs against the US dollar.
ETH/USD close to breaking a key bearish trendline with resistance at $380.00-385.00 on the 4-hour chart.
ETH/BTC extended consolidation around the 0.0550BTC pivot level.

Technically, the 4-hour chart indicators started rising from the oversold levels.

ETH/USD Could Break Higher

The past few sessions were mostly flat, but ETH/USD held a crucial support at $360.00. It seems like the pair is preparing for an upside break above the $400.00 level in the near term.

Similarly, ETH/BTC continued to consolidate around a key pivot level at 0.0550BTC. The pair could make the next move higher toward the 0.0580BTC and 0.0600BTC.

Ether Price Analysis Chart

The hourly chart of ETH/USD shows that the pair is consolidating the recent losses above the $360.00 level. Yesterday, it traded as low as $363.68, formed a support base, started an upward wave, and broke a connecting bearish trendline with resistance at $370.00.

The next resistance on the same chart awaits at $385.00. A break above this could signal further gains toward the $400.00 psychological level. Moving up to the 4-hour chart of ETH/USD, there is a strong support formed above the $360.00 level.

At present, the pair is attempting a close above a key bearish trendline with resistance at $380.00-385.00. Should the price gain bullish momentum and settle above $380.00, it could be a positive signal for further gains in the near term.

Ethereum Price ETH/USD Forecast

To the topside, the $420.00 level is a crucial range resistance and a pivot region. A 4-hour close above the mentioned level could push Ether’s price in a bullish zone.

On the downside, the $360.00-365.00 support area holds a lot of significance. Ether may possibly continue to consolidate in a range below the $400.00 level before it makes the next major move.

Important Resistance Levels

$385.00 and $400.00

Important Support Levels

$365.00 and $360.00

4-hour RSI

The RSI is slowly rising higher toward the 40 level.

4-hour MACD

The MACD has reduced most of its bearish slope.

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 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.