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 ---
Friday Mar 23rd 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: What’s Next for Ether?





Ether is still in the bullish zone against the US Dollar, but struggling versus bitcoin. ETH/USD is following a bullish pattern on the daily chart with support near $280.00.

Key Highlights

Ether is following a bullish pattern against the US Dollar, but struggling to gain momentum above $300.00.
There is a key contracting bullish triangle forming with resistance at $315.00 on the daily chart of ETH/USD.
ETH/BTC broke the 0.070BTC support zone and remains at risk of more losses.

Technically, the daily chart indicators are moving higher in the bullish territory.

Ether Price Upside Barrier

There were a few swing moves in ETH/USD this past week as it closed the week above $280.00. Conversely, ETH/BTC seems to be struggling a lot and remains at risk or more losses below 0.070BTC.

Ether Price Weekly Analysis

Starting with the daily chart of ETH/USD, the pair is forming a key contracting bullish triangle with resistance at $315.00. The triangle support is near $280.00 and holds a lot of importance for the current bullish trend.

Ether buyers need to gain momentum and break the $310.00 resistance in order to test the $340.00-350.00 resistance area. Before $310.00, a daily close above $300.00 is required since it is the 50 percent Fibonacci retracement level of the last major decline from the $395.41 high to $200.91 low.

Should there be a daily close above $300.00, the price would easily surpass the $310.00 level to test the next hurdle near the 61.8 percent Fibonacci retracement level of the last major decline from the $395.41 high to $200.91 low.

Ethereum ETH/USD Weekly Forecast

On the flip side, a daily close below $280.00 would negate the current bullish bias. In the mentioned case, the price could resume its slide and test the $240.00 support.

Moving down to the 2-hour chart of ETH/USD, there is a bearish trendline forming with resistance at $304.00. The pair recently broke a connecting bullish trendline with support at $300.00, but lacks downward momentum.

To sum up, a daily close above $300.00 would be significant for Ether to make further gains. On the other hand, a close below $280.00 could ignite losses.

Weekly Resistance Levels

$300.00 and $310.00

Weekly Support Levels

$280.00 and $240.00

Daily RSI

The RSI is just above the 50 level.

Daily MACD

The MACD is in the bullish zone, but lacks momentum.

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 Chart, Ether Price Analysis 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.