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 ---
--%
Sunday Aug 19th 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

Scope For A Test of $11.40 In ETH/USD

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether price spiked below $10.80 but recovered. The charts are currently showing positive signs with a scope for a move towards $11.40.

Key Highlights

Ether price traded a touch under $10.80 against the US dollar, and then managed to recover.
Currently, the ETH/USD pair is trading near $11.00 resistance.
A break above it may trigger a move towards the next resistance of $11.40.

The current movement is viewed as a rebound. If there is a sustained move above $11.00, there can be a trend change.

Ether Price Bullish?

Ether sellers finally managed to break the $11.00 support yesterday against the US Dollar, but $10.80 came for rescue. The price traded a few basis points below the stated level and found bids. The ETH/USD already started a rebound and charts are signaling further gains in the near term.

Ethereum Ether Price Technical Analysis

Currently, the pair is trading near $11.00, which was a support earlier and currently acting as resistance. Moreover, there is a bearish trend line formed on the hourly chart, which is coinciding at $11.00.

The last few candles are positive on the hourly chart, which is a signal of more gains in the near term. So, there is a chance of ETH/USD breaking $11.00. In that situation, there is a scope for a test of $11.40, which is the next hurdle on the upside.

Ether Price ETH Trend Analysis

On the downside, the $10.80 support may play a major role. A break and close below it would negate the possibilities of a rebound. If we look at the 4-hours chart of ETH/USD, there is a descending channel pattern formed.

The Ether bulls at the moment attempting to break the highlighted channel resistance. If they succeed, it would be a major signal of a reversal in the near term. The last 2 candles on the 4-hours chart are pretty bullish, and signaling bullish signs. In my view, if there is a break, then it may change the trend to bullish.

Important Resistance Levels

$11.00 and $11.40

Important Support Levels

$10.80 and $10.60

Hourly RSI

The RSI technical indicator has moved above the 50 level, which is a positive sign.

Hourly MACD

The MACD looks like about to change the slope from bearish to bullish.

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.