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 ---
--%
Tuesday Nov 21st 2017
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

Event

Submit an event for consideration on ETHNews

Submit Event

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Events
Contact Us

ETH/USD Bullish Momentum To Increase Above $13.10

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether price has been under a bearish pressure lately versus the US Dollar, but there is a chance of a trend change if ETH/USD breaks $13.10.

Key Highlights

Ether price pushed down further during the past 24-hours and found support at $12.80 against the US Dollar.
The ETH/USD pair is now bouncing from the support, but facing a monster challenge at $13.00-10.
A break above the mentioned resistance may lift the market sentiment in favor of the ETH bulls.

Technically, the 2-hours chart is signaling a base formation at $12.80 in ETH/USD.

Ether Price Resistance

Ether price after struggling to move higher against the US Dollar and Bitcoin over the weekend traded lower. However, the price found support at $12.80 in ETH/USD, and 0.0210BTC in ETH/BTC. It is now under a recovery phase, and challenging a crucial resistance.

Ether Price Analysis Technical Chart

If we have a look at the 30-min chart of ETH/USD, the pair is approaching a couple of resistance levels. An initial one is at $13.00. It acted as both support and resistance earlier. So, it won’t be easy for the Ether bulls to break it.

The next resistance is around $13.10. It represents a major hurdle for further gains, as it prevented an upside move on a couple of occasions. Moreover, the 38.2% Fibonacci retracement level of the last drop from the $14.31 high to $12.70 low is also around the same levels.

ETH/USD Pair Analysis Ethereum

Moving on to the 2-hours chart of ETH/USD, there are two bearish trend lines meeting around $13.10. This means the highlighted resistance area holds a lot of importance in the short term.

If there is a successful close above $13.10, it would put the price back in the bullish zone. In that situation, a move towards the $13.50 level is also possible. On the other hand, a failure to break it may test buyer’s strength once again at $12.80.

Important Resistance Levels

$13.00 and $13.10

Important Support Levels

$12.80 and $12.50

2-hours RSI

The RSI technical indicator is hovering near the 50 level and waiting for a catalyst for the next move.

2-hours MACD

The MACD is currently in the bearish zone, but slowly stabilizing.

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.

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.