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
ETHNews will sunset at the end of August. The site will remain accessible for a few weeks while necessary maintenance is performed. Thanks, as always, for reading.

Ethereum Price Forecast: Ether Signaling Bullish Reversal





Ether’s price bounced back sharply against the US dollar and bitcoin. ETH/USD is likely forming a base for the next leg higher in the near term.

Key Highlights

Ether’s price jumped sharply and moved above the $540.00 resistance against the US dollar.
ETH/USD formed a double bottom pattern at $505.00 on the 2-hour chart.
ETH/BTC is also recovering and is currently trading above 0.0740BTC.

Technically, the 2-hour chart indicators are about to move back in the bullish territory.

Ether Price Analysis

The past two sessions were very positive for ETH/USD. The pair formed a solid support base around the $505.00 level and started a sharp upward wave.

Similarly, there was an improvement in buying sentiment for ETH/BTC, resulting in a bullish push above the 0.0750BTC resistance. However, the pair then slid back slightly.

Ether Price Analysis Chart

Starting with the 30-minute chart of ETH/USD, there is a double bottom pattern visible near the $505.00 support. The pair started an upward wave and broke a contracting triangle with resistance at $522.00.

It opened the doors for more gains and the price moved above the 50 percent Fibonacci retracement level of the last decline from the $574.44 high to $505.69 low. More importantly, Ether’s price successfully moved above the $540.00 and $550.00 resistance levels.

Looking at the 2-hour chart of ETH/USD, the last two candles are signaling a rejection pattern. However, the pair is currently facing a crucial resistance near $570.00. Should the price move past $570.00, there could soon be a test of the $600.00 handle.

Ethereum Price ETH/USD Forecast

Conversely, the price may possibly correct a few points toward the broken resistances at $550.00 and $540.00, which are likely to act as supports. A successful daily close above the $550.00 pivot level will most likely increase the chances of more upsides in Ether during the following days.

Overall, the current price action indicates a positive bias above $540.00, with resistances at $565.00, $570.00, and $600.00.

Important Resistance Levels

$570.00 and $600.00

Important Support Levels

$550.00 and $540.00

2-hour RSI

The RSI is about to break the 50 level.

2-hour MACD

The MACD has moved into 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.