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

ETH/USD Forecast: Bullish Within Range





Ether struggles to extend gains versus the US dollar and bitcoin. ETH/USD is currently trading in a $20.00 range and waiting for a catalyst for the next move.

Key Highlights

Ether buyers fight hard to regain $235.00 barrier against the US dollar, but in vain, as sellers are keeping gains limited.
There is a clear range visible on the 2-hour chart of ETH/USD with supports at $220.00 and $212.00.
ETH/BTC is steady around 0.082BTC and eyeing further upsides in the short term.

Technically, the 2-hour chart indicators are flat, suggesting a substantial consolidation.

Ether Price Upside Remains Capped

The ETH/USD pair recovery could not gain extra traction during the past three sessions and it mostly traded within a tiny range of $20.00.

Ethereum ETH/USD Forecast

Looking at the 2-hour chart, there is a clear range pattern forming with supports at $220.00 and $212.00. On the upside, the range resistance is near $235.00-236.00. It protected upside breaks on many occasions recently as buyers fought hard to take the price towards $250.00.

Only a convincing 2-hour close above $235.00 could lead to gains towards $250.00 and $260.00. Furthermore, a break and close above the 61.8 percent Fibonacci retracement level of the last decline from the $256.08 high to $187.40 low is needed to lift the market sentiment.

Dropping down to the 30-min chart of ETH/USD, there is a bearish trendline forming with resistance at $230.00. To the downside, there is a connecting support trendline positioned near $222.00.

Ether Price Technical Analysis Chart

It seems like the price is currently declining within range and leaning towards $220.00. The pair still lies in a bullish momentum. Hourly support is given at $222.00. Stronger support is located at $220.00.

To the upside, the 50 percent Fibonacci retracement level of the last decline from the $235.29 high to $219.72 at $228.00 is a short-term resistance. Above $228.00 and trendline resistance, the all-important $235.00 barrier might come into play.

In the short term, ETH/USD could continue to range trade before grabbing enough bids for a strong rise towards $250.00.

Important Resistance Levels

$230.00 and $235.00

Important Support Levels

$220.00 and $215.00

2-hour RSI

The RSI is currently below the 50 level, but with no proper direction.

2-hour MACD

The MACD is almost flat, suggesting consolidation.

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.