Key Highlights
The ETH/USD pair after trading to a new all-time high at $211.12 faced sellers and moved down.
Decline found support near an important bullish trend line at $165.00-170.00 on the 4-hour chart.
ETH/BTC is comparatively stable and consolidating above 0.075BTC.

Technically, the hourly chart indicators are moving higher after declining below their mid-lines.

Ether Price to Resume Uptrend?

The ETH/USD pair attempted a move towards $225.00 recently, but was not able to hold the bullish momentum above $210.00.

Ethereum ETH USD Forecast

As a result, there was a downside reaction, and the pair started a correction. The first important break was at $200.00, which sparked selling interest. The next was a close below the 50% Fibonacci retracement level of the last wave from the $181.38 low to $211.12 high.

However, the most significant support break was at $180.00. The stated level represents a crucial support, and may continue to play a major role for the current bullish trend. There is no daily close below $180.00 as of now, which is a positive sign.

The downside move found support near two important zones. First, the 50% Fibonacci retracement level of the last ride from the $136.81 low to $211.12 high.

The second, being key bullish trend line at $165.00 on the 4-hour chart. Ether sellers made two attempts to take down the highlighted trend line at $165.00-170.00, but failed.

Ether Price Analysis Chart

ETH/USD is currently stable above $180.00, but faces many challenges on the upside. Looking at the hourly chart, the pair may once again struggle near $200.00.

At present, the pair is following a couple of connecting bullish trend lines with support at $185.00 and $178.00. As long as these are intact, there can be a test of $200.00.

It seems the current rally is running out of steam, and should the pair struggles to move above $200.00 later today, it may call for a short-term consolidation within the $170.00-200.00 range.

Important Resistance Levels

$200.00 and $210.00

Important Support Levels

$180.00 and $170.00

Hourly RSI

The RSI is just around 50, and attempting a break.

Hourly MACD

The MACD is about to move back in the bullish zone.
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.

Ether Technical Analysis

Today ETH/USD Forecast: Bullish Trend Support Intact
05-25-2017 ETH/USD Increasingly Bullish above $180.00 - 200.00
05-24-2017 ETH/USD Forecast: Ether Knocking on $200.00's Door
05-23-2017 ETH/USD Forecast: Ether Down, But Not Out
   

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