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 ---
--%
Wednesday Oct 17th 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

Ethereum Price Forecast: Ether Stuck In Key Range

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether’s price is finding it hard to break the $235.0-236.00 resistance against the US dollar. ETH/USD could dip in the short term if there is no close above $235.00.

Key Highlights

Ether’s price traded in a tight range above the $225.00 level against the US dollar.
A short-term bearish pattern is forming with resistance at $230.00 on the 2-hour chart of ETH/USD.
ETH/BTC tested the 0.0340BTC support and is currently consolidating.

Technically, the 2-hour chart indicators are slowly moving lower in the bearish territory.

Ether Price Analysis

During the past few hours, ETH/USD traded with a few bearish moves. The pair struggled to break the $235.00 resistance area and traded lower within a tight range.

ETH/BTC tested the 0.0340BTC support and recovered later. The pair could break the 00.0350BTC resistance and trade higher if ETH/USD gains bullish momentum in the coming sessions.

Ether Price Analysis ETH Ethereum

Looking at the 30-minute chart of ETH/USD, there was a downside reaction recently toward the $225.00 level. The pair traded as low as $224.79 and later bounced back above $230.00. However, Ether buyers failed to hold gains above the $230.00 level, and the price is currently following a declining channel with resistance near $230.00.

To recover, the price must break the $230.00 resistance, above which Ether will most likely retest the all-important $235.00 hurdle. Conversely, if the price continues to move down, it could test the $225.00 support.

Moving up to the 2-hour chart of ETH/USD, the pair clearly faced a strong resistance near the $235.00-236.00 zone. It is currently declining toward a crucial bullish trendline, with support at $221.00.

Ethereum Price Analysis

The technical structure suggests that Ether’s price is likely forming an ascending triangle, with the breakout resistance at $238.00. A successful close above the stated triangle resistance could open the doors for the next major upward move toward $250.00 and $275.00.

On the flip side, a bearish break below the trendline and the $220.00 support may clear the path for Ether sellers to take control for a test of the $200.00 pivot level.

Important Resistance Levels

$230.00 and $235.00

Important Support Levels

$225.00 and $220.00

2-hour RSI

The RSI is currently flat near the 45 level.

2-hour MACD

The MACD is slightly placed in the bearish zone.

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.