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 Signaling Bullish Continuation





Ether succeeded in outperforming the US Dollar for another day on Friday, having retaken the $12.00 major level. It looks like the ETH/USD pair is eyeing more upsides going forward.

Key Highlights

Ether price was unstoppable as it spiked higher against the US dollar to trade above a couple of key resistance levels.
Yesterday’s view of uptrend resumption in ETH/USD was correct, as the pair managed to retain the bullish bias.
The price even closed above the $12.00 handle, which is a strong signal and must put the bears on the back foot.

Ether price is currently showing a lot of bullish signs against the US Dollar, which increases the possibility of more gains in the short term.

ETH/USD Remains Bullish

The Ether bulls dominated the past couple of sessions and outpaced the US dollar to register more than 10% gains during the past 24 hours. The recent upside drift was such that a couple of important resistance levels like $11.20 and $11.80 were broken.

Ether Price Analysis Chart

Yesterday, I mentioned that the ETH/USD pair may attempt to regain the $11.20 level. It not only succeeded in settling above it, but also broke another resistance area of $11.80-$12.00.

Currently, there is a clear uptrend, which can be seen in the last 24-hours chart of the ETH/USD pair. The price at this moment is trading near $12.25-$12.30 with no sign of any correction in the short term. So, the pair may continue to head higher until sellers step in to prevent the upside.

Ether Price Analysis Chart 7D

There was a sharp increase in the trading volume as well, which was one of the reasons why the price rocketed higher. The last 7-days chart of the ETH/USD pair clearly shows that the bulls took out a couple of critical resistance trend lines to set the pace for an upside move.

As it can be seen from the chart, the $11.50-$11.60 levels were the last major resistance area. So, if the price moves down from the current levels, it may provide support and act as a buying area.

Important Resistance Levels

$11.30 and $11.50

Important Support Levels

$12.00 and $11.60

Hourly RSI

The RSI indicator is around the overbought levels, but not showing any sign of down move.

Hourly MACD

The MACD is strongly placed in the bullish zone, pointing towards buyers’ strength.

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.