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 Nov 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: $235 Seems Unbreakable For Ether

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether’s price climbed higher above key resistances against the US dollar. However, ETH/USD was rejected from the all-important $235.00 resistance zone.

Key Highlights

Ether’s price surged higher and broke the $203.00 resistance against the US dollar.
ETH/USD is attempting close above a key bearish trendline at $214.00 on the 2-hour chart.
ETH/BTC remained well supported above the 0.0310BTC support.

Technically, the 2-hour chart indicators moved sharply higher in the bullish territory.

Ether Price Weekly Analysis

The past two sessions saw an increase in volatility, resulting in swing moves in ETH/USD. The pair formed a support base near the $195.00 level and started a solid upward move above the $200.00, $203.00, $210.00 and $220.00 resistances.

ETH/BTC remained confined in a tiny range above the 0.0310BTC support. It seems like the pair is preparing for the next break either above 0.0320BTC or below 0.0310BTC.

Ethereum Price ETH

Starting with the 2-hour chart of ETH/USD, the pair surged higher and broke an ascending channel, with resistance at $204.00. More importantly, there was a break above the key resistance at $203.00.

It opened the doors for more gains and the price spiked above the $210.00 resistance. Ether’s price traded above the $220.00 resistance and tested the next important hurdle at $230.00. Sellers successfully defended the $230.00-232.00 resistance, resulting in a fresh downward move.

The price declined and traded below the $220.00 support and the 38.2 percent Fibonacci retracement level of the recent upside from the $187.00 low to $232.25 high. At the outset, the price is attempting close above a key bearish trendline at $214.00 on the 2-hour chart.

Ether Price Analysis ETH

The 30-minute chart of ETH/USD indicates that the price is forming a short-term breakout pattern with resistance at $215.00 and support near $210.00. Should Ether settle above the $214.00-215.00 resistance, there could be a fresh upward move toward the $225.00 level in the coming sessions.

On the flip side, if the price break the $210.00 support and the 50 percent Fibonacci retracement level of the recent upside, it will most likely revisit the $203.00 support (the previous resistance).

Important Resistance Levels

$215.00 and $220.00

Important Support Levels

$210.00 and $203.00

2-hour RSI

The RSI is now placed nicely above the 60 level.

2-hour MACD

The MACD moved strongly in the bullish 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.