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 ---
--%
Saturday Dec 15th 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 Approaching Downtrend Resistance

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether’s price is recovering toward downtrend resistances against the US dollar. ETH/USD may correct above $200.00, but sellers are likely to appear near $210.00.

Key Highlights

Ether’s price is correcting higher and could break the $200.00 resistance against the US dollar.
ETH/USD is likely to face a strong resistance near the $210.00 level.
ETH/BTC is currently consolidating losses above the 0.0310BTC level.

Technically, the hourly chart indicators are about to move into the bullish territory.

Ether Price Analysis

ETH/USD started an upside correction after trading as low as $187.00. The pair moved above the $195.00 pivot level and is currently attempting to surpass the $200.00 resistance.

ETH/BTC remained in a bearish zone below the 0.0320BTC level. It may continue to consolidate in the short term before the next move either above 0.0320BTC or below 0.0310BTC.

Ether Price Analysis ETH

Staring with the hourly chart of ETH/USD, the pair moved above the $190.00 and $195.00 resistances. However, two important bearish trendlines, with current resistance near $199.00-200.00 are acting as a solid hurdle for buyers.

Should the price break the $200.00 resistance, there could be an extended upside correction toward the $203.00 or $210.00 resistance levels. On the flip side, if there is a downside break below the $195.00 support, sellers are likely to push the price back toward the $190.00 and $187.00 levels.

Moving up to the 6-hour chart of ETH/USD, the current price action indicates a positive correction above $195.00. However, a break above $200.00, $203.00, and the 23.6 percent Fibonacci retracement level of the last drop from the $238.59 high to $187.00 low is a must for a larger upward move.

Ethereum Price Analysis ETH

To the topside, the main downtrend resistance is near the $210.00 level (the previous support). Additionally, the price is likely to face a strong selling interest near the $215.00 level.

Overall, Ether’s price could correct higher in the short term, but there are many key barriers near the $203.00 and $210.00 levels. The main supports on the downside are at $195.00 and $190.00.

Important Resistance Levels

$200.00 and $203.00

Important Support Levels

$195.00 and $190.00

Hourly RSI

The RSI is moving higher toward the 50 level.

Hourly MACD

The MACD is about to move into a positive 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.