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: What’s Stopping Ethereum Price?





Ether remained in a tight range against the US dollar. ETH/USD really needs to gather pace, otherwise, it remains at a risk of a sharp decline below $275.00.

Key Highlights

Upsides in Ether’s price remain capped by a strong resistance near $300.00 against the US dollar.
A major bearish trendline with resistance at $295.00 on the 6-hour chart of ETH/USD is stopping an upside break.
ETH/BTC was up more than 1.5 percent and broke the 0.073BTC resistance.

Technically, the 2-hour chart indicators are flat in the bullish territory.

Ether Price Resistance Levels

The ETH/USD pair made no progress during the past three sessions and traded in a range above the $275.00 support. The next break seems to be much bigger, considering the ongoing consolidation.

Ether Price Analysis Chart

The 6-hour chart of ETH/USD has a major bearish trendline with current resistance near $295.00, which is the main hurdle for more gains.

A successful breach of the trendline followed by $300.00 would be huge, and the pair could move higher by more than 10 percent.

On the other hand, a continuous struggle to break higher would result in a drop below the $275.00 support. The next major support in the mentioned scenario sits at $250.00 and the 50 percent Fibonacci retracement level of the last wave from the $200.91 low to $300.37 high.

The 2-hour chart of ETH/USD is pointing a clear range pattern with support at $276.00-$275.00, and resistance near $300.00. In addition, an intermediate hurdle awaits around a bearish trendline with current resistance at $290.00.

Ethereum Price ETH/USD Forecast

Short-term, Ether’s price presents a neutral-to-bearish stance, as in the 2-hour chart, ETH/USD is trapped between $275.00-$290.00. An upward extension beyond $290.00 should favor a minor bullish continuation towards the $295.00 region where selling interest will likely reject the advance.

While another attempt higher towards $300.00 is not ruled out, the success rate to take out such a crucial resistance is diminishing. That said, only a move below $275.00 (weekly pivot) would indicate that the positive bias that started from $200.91 has ended.

2-Hour MACD

The MACD is flat with no sign of near-term break.

2-Hour RSI

The RSI is stable near the 50 level.

Important Support Levels

$275.00 and $265.00

Important Resistance Levels

$295.00 and $300.00

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.