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 Could Bounce Back





Ether’s price is correcting lower against the US dollar and bitcoin. ETH/USD must hold the $585.00 and $580.00 support levels to bounce back.

Key Highlights

Ether’s price tested an important resistance near $625.00 against the US dollar.
ETH/USD is correcting lower toward a key bullish trendline with support at $585.00 on the 2-hour chart.
ETH/BTC tested the 0.0800BTC resistance and is currently consolidating gains.

Technically, the 2-hour chart indicators are moving lower in the bullish territory.

Ether Price Analysis

Yesterday, we discussed an important bearish trendline with resistance near $625.00 on the 12-hour chart of ETH/USD. The pair climbed above the $600.00 psychological level, but it struggled to break the trendline resistance and formed a short-term top at $628.21.

Similarly, there were decent gains in ETH/BTC above the 0.0780BTC level. The pair tested the 0.0800BTC resistance and is currently consolidating gains above 0.0780BTC.

Ether Price Analysis Chart

Looking at the 30-minute chart of ETH/USD, there was a sharp upside move above the $600.00 resistance. The price traded above the $625.00 level, but it failed to hold gains. A new monthly high was formed at $628.21 before the price started a downward correction.

Ether declined and broke a connecting bullish trendline at $618.00 and a horizontal support at $610.00. It also traded below the 50 percent Fibonacci retracement level of the last wave from the $590.25 low to $628.21 high.

The price is currently trading below $600.00 with an immediate resistance at $605.00 and a bearish trendline. Above this, the broken horizontal support at $610.00 could prevent upsides.

Ethereum Price Analysis ETH/USD Forecast

Moving up to the 2-hour chart of ETH/USD, the pair is approaching a crucial support area near $580.00. There is also a major bullish trendline with support at $585.00 on the same chart.

Therefore, any further declines toward $585.00 and $580.00 are likely to face a strong buying interest. Should Ether’s price fail to hold $580.00, there could be sharp declines toward $550.00.

On the flip side, ETH/USD is facing resistances near $605.00, $610.00, and $625.00. A successful close above $625.00 will most likely open the doors for a push toward the next barrier at $640.00.

Important Resistance Levels

$610.00 and $625.00

Important Support Levels

$585.00 and $580.00

2-hour RSI

The RSI is moving lower toward the 55 level.

2-hour MACD

The MACD is currently reducing its bullish slope.

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.