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 ---
--%
Thursday Dec 13th 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 Forecast: Ether Is Climbing

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether’s price is eyeing a bullish break against the US dollar and bitcoin. ETH/USD could clear the $475.00 and $480.00 hurdles for more gains.

Key Highlights

Ether’s price is climbing while showing positive signs above $465.00 against the US dollar.
ETH/USD is about to settle above a crucial bearish trendline with resistance at $465.00 on the 6-hour chart.
ETH/BTC could make a positive move above 0.0720BTC once ETH/USD gains momentum.

Technically, the hourly chart indicators are rising higher in the bullish territory.

Ether Price Analysis

During the past two sessions, there were positive moves in ETH/USD above the $460.00 support. The pair formed a solid bullish pattern on the 6-hour chart, indicating a possible upside break in the near term.

ETH/BTC remained well positioned above the 0.0700BTC support area. Should ETH/USD continue to climb, it could help ETH/BTC gain bullish momentum.

Ethereum Price ETH

Starting with the 6-hour chart, it seems like there is a strong support base formed above $450.00. The last 6-hour candle suggests a bullish pattern. More importantly, the pair is attempting a close above a crucial bearish trendline with resistance at $465.00.

Should Ether break $475.00, the price could clear the $480.00 resistance, and the next barrier is near the 61.8 percent Fibonacci retracement level of the decline from the $548.12 high to $405.29 low at $494.00.

Dropping down to the hourly chart of ETH/USD, there is a bearish trendline in place with current resistance at $475.00. Therefore, a break above $475.00 could accelerate gains toward $480.00 and $494.00.

Ether Price Analysis ETH

On the downside, an initial support is at $465.00, below which, the price may well decline to $460.00 and $458.00. Overall, the 6-hour chart is signaling a possible bullish break, but Ether’s price must gain pace above $475.00 to validate the pattern.

Important Resistance Levels

$475.00 and $480.00

Important Support Levels

$465.00 and $460.00

Hourly RSI

The RSI is currently above the 55 level.

Hourly MACD

The MACD is placed nicely 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. 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.

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.