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 Holding Crucial Support





Ether’s price is trading above key support levels against the US dollar and bitcoin. ETH/USD is showing signs of a recovery above $620.00.

Key Highlights

Ether’s price is holding a crucial support at $600.00 against the US dollar.
ETH/USD broke a connecting bearish trendline with resistance at $626.00 on the 30-minute chart.
ETH/BTC recovered from the 0.0680BTC support area and moved above 0.0700BTC.

Technically, the 12-hour chart indicators are stable in the bullish territory.

Can ETH/USD Bounce Back?

Yesterday, we discussed the importance of a daily close above the $600.00 support. ETH/USD held that support and is currently showing signs of a recovery.

Similarly, downsides in ETH/BTC were limited by the 0.0680BTC support. The pair started a fresh upward wave and move back above 0.0700BTC, which is a positive sign.

Ethereum Price ETH/USD Forecast

To understand the current price structure and importance of the $600.00 support, let’s start with the 12-hour chart of ETH/USD. The chart indicates that a crucial bullish trendline with current support at $610.00 is holding declines very well.

As long as Ether is trading above the trendline, it could resume its uptrend toward $650.00 and $660.00. On the flip side, a break below the trendline and $600.00 will most likely push the price toward the next support at $520.00.

Moving down to the 30-minute chart of ETH/USD, the pair is forming a strong support at $600.00. It has already recovered a few points and broke a connecting bearish trendline with resistance at $626.00.

Ether Price Analysis Chart

There was also a break above the 23.6 percent Fibonacci retracement level of the recent drop from the $711.49 high to $592.86 low. Should the price extend gains from the current levels, the next stop may well be $650.00.

A break above $650.00 won’t be easy since it is the 50 percent Fibonacci retracement level of the recent drop from the $711.49 high to $592.86 low. In the short term, there could be ranging activity above $610.00 before the next move either toward $650.00 or below $610.00. 

Important Resistance Levels

$650.00 and $660.00

Important Support Levels

$610.00 and $600.00

30-minute RSI

The RSI is currently near 60 with a positive angle.

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.