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 ---
--%
Sunday May 27th 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 Prediction: ETH/USD Could Again Test $700

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether could dominate and gain further against the US dollar and bitcoin. ETH/USD remains elevated on the daily chart to test the $700 barrier.

Key Highlights

Ether’s price is gaining bullish momentum and is placed well above the $600.00 support against the US dollar.
A significant bullish trendline is in place with support at $635.00 on the daily chart of ETH/USD.
ETH/BTC is likely to extend gains above the 0.0750BTC resistance in the near term.

Technically, the daily chart indicators are grinding higher in the bullish territory.

ETH/USD Bullish Above $600

This past week, ETH/USD traded to a new monthly high at $711.49 before correcting lower. However, losses were limited and Ether’s price found support at $592.86 for a fresh upward wave.

ETH/BTC traded in a positive zone with a daily close above 0.0700BTC. The pair is gaining bullish momentum and it could continue to move higher toward 0.0800BTC during the following days.

Ethereum Price Prediction ETH/USD

Let’s start with the daily chart of ETH/USD, which indicates a solid uptrend from the $359.33 low. The pair slowly and steadily traded higher and broke many hurdles, such as $400.00, $500.00, and $600.00.

There was a daily close above $600.00, clearing the path for further gains. The price traded to a new monthly high at $711.49 before it corrected lower. However, declines were protected by a significant bullish trendline with current support at $635.00 on the same chart.

Ether is currently positioned nicely in a bullish zone above $650.00 and it is poised to extend gains. To the topside, a successful break above $711.49 could set the tone for a push toward the next major resistance at $800.00.

The 2-hour chart of ETH/USD indicates that the pair is preparing for an upward wave above $700.00. It recently broke a connecting bearish trendline at $675.00, opening the doors for a break above $700.00.

Ether Price Analysis Chart

On the downside, there is a key bullish trendline with support at $670.00. More importantly, there is a horizontal support and buy zone near $640.00, followed by the daily chart’s bullish trendline at $635.00.

To sum up, there are many bullish signs on the daily chart, suggesting more upsides in Ether during the coming days.

Weekly Resistance Levels

$700.00 and $800.00

Weekly Support Levels

$670.00 and $640.00

Daily RSI

The RSI is above the 50 level and is heading north.

Daily 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, 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.