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

Ether Price Hits $11.20 Target; Resistance Now Support





The ETH/USD pair spiked higher against the US dollar and broke a couple of important resistance levels. Can it sustain the current rally?

Key Highlights

Ether price finally moved higher against the US dollar, and yesterday’s highlighted target of $11.20 was achieved.
Yesterday’s inverse head and shoulders pattern on the 24-hours of ETH/USD played well and ignited an upside move.
The pair is currently correcting lower, and trading near $10.60-40, which was a resistance earlier and now may act as a support.

Ether price was looking for a direction during the day yesterday and later it gained bullish traction for a move higher against both US dollar and BTC.

Ether Price Rebound

The ETH/USD pair after a continuous struggle managed to find strong buying interest near $9.60-80, and traded higher. In yesterday’s analysis, I highlighted an important inverse head and shoulders pattern on the last 24-hours chart of ETH/USD, and was hoping a break higher.

Ether Price Analysis Chart

The price did move higher and broke the pattern neckline resistance of $10.20 to trade above $11.20. ETH/USD traded as high as $11.40, and started correcting lower.

Currently, the price is testing a crucial support area, as there is a bullish trend line (yellow) formed on the 24 hours chart, acting as a barrier for sellers. Moreover, the previous resistance area of $10.60-40 is now acting as a support for Ether price.

Ether Price Analysis Chart 7D

Looking at the last 7 days chart of ETH/USD, there was another major break. This week I continuously highlighted a bearish trend line, and mentioned its significance. Yesterday, the ETH bulls finally managed to break the trend line resistance, which is a positive sign in the near term.

The same trend line is currently acting as a support, and as long as the price is above $10.20, there is a chance that ETH/USD may resume its upside move after completing a correction wave.

Important Resistance Levels

$11.20 and $11.40

Important Support Levels

$10.60 and $10.20

Hourly RSI

The RSI is also above the 50 level, which is another bullish sign.

Hourly MACD

The MACD is back into the bullish zone, calling for more upsides in ETH/USD.

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 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.