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 ---
--%
Saturday Nov 25th 2017
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

Event

Submit an event for consideration on ETHNews

Submit Event

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Events
Contact Us

ETH/USD Forecast: Buyers To Take Center Stage

By

Aayush

Jindal

Guest AnalystETHNews.com

ETH/USD was well bid during the past two sessions, calling for an upside break in the near future.

Key Highlights

The ETH/USD pair mostly traded in a range with support at $88.00and resistance near $92.00-93.00.
Looking at the 2-hour chart, the pair is attempting a break above a major bearish trend line at $92.00.
The ETH/BTC declined by roughly 5% due to a sharp increase in Bitcoin price against most its peers.

Technically, the 2-hour chart indicators are about to break above their mid-lines, which is a positive sign.

Can Ether Price Move Past $95.00?

In yesterday’s analysis, we saw how Ether reversed course against the US Dollar and Bitcoin. Later, the price mostly traded in a range with a decent support at $88.00 in ETH/USD.

Ether Price Technical Analysis Chart

On the other hand, Ether price was down against Bitcoin, mainly due to BTC gaining traction against most its peers. The ETH/BTC pair weakened from 0.051BTC to 0.048BTC, as buyers were pressured.

However, the overall market sentiment is stable, and slowly improving in favor of buyers. Looking at the 30-min chart of ETH/USD, there are a few important levels to take note.

On the downside, the $88.00 level is acting as a nice support and preventing declines in the short term. On the upside, the pair is facing two resistances - $92.00 and $93.00. The pair recently broke a bearish trend line at $90.20, which is an initial sign of a bullish break.

The pair is also attempting a close above the 50% Fibonacci retracement level of the last decline from the $93.04 high to $88.63 low. We need to keep a close watch on the top resistance at $93.00.

Ethereum ETH/USD Forecast

A clear break above $93.00 may give an upper hand to buyers. The next major resistance in the mentioned scenario would be $98.00-100.00

The 2-hour chart of ETH/USD suggests that the pair is attempting a crucial upside break above a bearish trend line around $92.00. If buyers succeed, it might open the doors for further gains towards $98.00-100.00 in the near term.

Important Resistance Levels

$93.00 and $98.00

Important Support Levels

$88.00 and $85.00

2-hour RSI

The RSI is just below the 50 level, and looking to settle above it.

2-hour MACD

The MACD is about to change the slope from bearish to bullish.

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.