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 ---
Saturday Mar 24th 2018

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 Weekly Forecast: Ethereum Price Bullish Development





Ether climbed higher after forming a base against the US Dollar and bitcoin. A daily close above $285.00 would be super bullish for ETH/USD.

Key Highlights

Ether gained bullish momentum from the $252.00 swing low against the US Dollar and moved above $275.00.
ETH/USD is attempting a daily close above a major bearish trendline with resistance at $285.00.
ETH/BTC surged higher and broke the 0.075BTC resistance area.

Technically, the daily chart indicators are moving higher and closing in towards the neutral levels.

Ether Price is Back in Bullish Zone?

Yesterday, we discussed a close above $280.00 on the 4-hour chart of ETH/USD as the most bullish development. The pair did gain bids during the past two sessions and is currently attempting a close above $280.00-285.00.

Ethereum Price ETH/USD Weekly Forecast

Above all, there are many bullish signs emerging for ETH/BTC. The pair, after a brief consolidation, surged higher and broke the 0.075BTC resistance.

Overall, bullish sentiment has improved for Ether. Looking at the 4-hour chart of ETH/USD, there are back to back six bullish candles, signaling a positive sign. All we need is a 4-hour close above $285.00 for a bullish confirmation.

The pair is now well above the 61.8 percent Fibonacci retracement level of the last decline from the $316.17 high to $200.91 low. Therefore, the next stop is the last high of $316.17.

Moving on to the daily chart of ETH/USD, the pair started an upside move after forming a base near $200.00. It moved above the 38.2 percent Fibonacci retracement level of the last major drop from the $395.41 high to $200.91 low.

Ether Price Weekly Analysis Chart

At the outset, the pair is currently attempting a daily close above a major bearish trendline with resistance at $285.00. Should that close take place, Ether may attempt to break the 50 percent Fibonacci retracement level of the last major drop from the $395.41 high to $200.91 low at $298.00.

A successful close above $298.00 would be the most important signal that the decline from $395.41 is over. In the mentioned scenario, the next stop for Ether’s price could be near $320 and the 61.8 percent Fibonacci retracement level of the last major drop from the $395.41 high to $200.91 low.

To sum up, there are many positive signs emerging on the daily chart of ETH/USD which all point towards a bullish reversal on a close above $285.00 and $298.00.

Weekly Resistance Levels

$298.00 and $320.00

Weekly Support Levels

$270.00 and $260.00

Daily RSI

The RSI is moving north and attempting a close above 50.

Daily MACD

The MACD is about to move back into the bullish zone.

Aayush Jindal

Aayush has spent over seven years as a financial markets contributor and observer. He specializes in market strategies and technical analysis, comes with an IT background. He possess strong technical analytical skills and is well known for his entertaining and informative analysis of the currency and commodities markets. He is a software engineer by profession, loves blogging and observing financial markets

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.