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: Ether Eyes Last Line of Defense





Ether mostly traded in a range against the US dollar and bitcoin. Sooner or later, ETH/USD could break $280.00 or $300.00 for the next move.

Key Highlights

Ether continues to trade in a range between $285.00-295.00 against the US dollar.
A crucial support near $285.00-280.00 is in place on the 6-hour chart of ETH/USD.
ETH/BTC corrected higher but is struggling to clear the 0.070BTC resistance.

Technically, the 30-minute chart indicators are gaining momentum in the bearish territory.

Ether Price Might Soon Break the Wall

Yesterday, we discussed an important support area for ETH/USD near $285.00. The pair held the mentioned $285.00 support and challenged the $295.00 resistance.

Ethereum Price ETH/USD Forecast

Starting with the 6-hour chart of ETH/USD, two bullish trendlines with support near $285.00 are intact and might continue to act as a strong barrier for a downside break.

It seems like there is a key support base forming above $280.00. As long as Ether’s price is above the $280.00 support, there could be an upside break soon. To the topside, there is a bearish trendline forming with current resistance at $298.00 on the same chart.

Overall, as discussed yesterday, there is a contracting breakout pattern forming with support above $280.00 and resistance just below $300.00. The price could soon break either $280.00 or $300.00 and make the next move.

A close above $300.00 would be a strong bullish sign for a rally towards $320.00 or higher. On the flip side, a close below $280.00 could trigger a downside reaction towards $250.00.

Ether Price Analysis Chart

Dropping down to the 30-minute chart of ETH/USD, the pair recently tested the $295.00 resistance and failed to settle above it. As a result, a downside move was initiated and the pair broke a couple of bullish trendlines at $294.00 and $291.00.

If the current momentum stays intact, the price could retest $286.00. In the short term, the risk remains towards the upside as long as losses remain above $280.00, a major technical support, with a break above $295.00, probably resulting in a bullish extension towards $298.00 (trendline resistance).

30-minute MACD

The MACD is back in the bearish zone with a minor divergence.

30-minute RSI

The RSI is now below the 50 level and is heading towards 30.

Important Support Levels

Important Support Levels

Important Resistance Levels

$298.00 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.