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 Broke Key Resistance





Ether is gaining bids against the US dollar and is stable versus bitcoin. ETH/USD is now above $300.00 and eyeing further gains.

Key Highlights

Ether is rising and recently broke the $300.00 resistance against the US dollar.
There was a break above a major bearish trendline with resistance at $294.00 on the 4-hour chart of ETH/USD.
ETH/BTC remained below 0.070BTC and traded in a range.

Technically, the hourly chart indicators have reached the overbought levels.

Can Ether Price Gain Momentum?

Finally, ETH/USD buyers succeeded in overcoming selling pressure and pushed the pair above the $295.00 and $300.00 resistance levels. On the other hand, ETH/BTC continued to trade in a range below 0.070BTC.

Ethereum Price ETH/USD Forecast

Starting with the 4-hour chart of ETH/USD, there was a break above a major bearish trendline with resistance at $294.00. It seems to be a perfect break since the last two candles were bullish above $294.00.

Buyers succeeded in clearing the $300.00 sell wall and a new intraday high was formed near $303.18. During the upside, the 50 percent Fibonacci retracement level of the last decline from the $312.40 high to $279.89 low was cleared, which is a positive sign.

However, the pair needs to gain momentum to capitalize on the recent upside break above $295.00. The next short-term resistance is near the 76.4 percent Fibonacci retracement level of the last decline from the $312.40 high to $279.89 low at $304.70.

Ether Price Analysis Chart

Moving on to the hourly chart of ETH/USD, the pair is showing signs of losing upward momentum. On the downside, there is a broken resistance trendline at $297.00 and a bullish trendline at $298.00, which are decent support levels.

Should the pair correct lower from the $303.18 high or $304.00, there can be a test of $298.00. As long as Ether’s price is above $298.00 today, there could be an upside attempt towards $305.00.

In the medium term, a weekly close above the $300.00 handle should open doors for a continued rise towards $312.00 (Sep 28, 2017, high) and then $325.00.

Hourly MACD

The MACD is gaining momentum in the bullish zone.

Hourly RSI

The RSI has reached the overbought levels and is pointing a short-term top.

Important Support Levels

$298.00 and $295.00

Important Resistance Levels

$304.00 and $312.00

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.