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
ETHNews will sunset at the end of August. The site will remain accessible for a few weeks while necessary maintenance is performed. Thanks, as always, for reading.

Ethereum Forecast: ETH/USD Pressured Below $300





Ether extended its decline against the US dollar and bitcoin. ETH/USD is currently around $300.00 and approaching the next support near $286.00.

Key Highlights

Ether failed to hold an important support at $320.00 against the US dollar and declined below $300.00.
There is a major bearish trendline forming with resistance at $306.00 on the 2-hour chart of ETH/USD.
ETH/BTC also extended declines and traded toward 0.055BTC.

Technically, the 2-hour chart indicators have reached extreme oversold levels in the bearish territory.

Ether Price Eyeing $286?

There was an increase in selling pressure on ETH/USD, which resulted in further declines below $320.00. The pair failed to hold the stated $320.00 support and traded lower by more than 7 percent.

Ether Price Analysis Chart

Looking at the 2-hour chart of ETH/USD, there are back-to-back bearish candles from the $352.70 high. It seems like the pair is even struggling to hold the $300.00 psychological level.

On the upside, there is a major bearish trendline forming with resistance at $306.00 on the same chart. Should there be a break above $306.00, the price could trade toward $320.00. The stated $320.00 level was a support earlier and now it would prevent upsides.

Moving on to the 6-hour chart of ETH/USD, there are a few important points to consider. First, the pair has breached the last bullish trend support at $320.00. Second, there was a break below the $318.00 pivot region, signaling a new bearish wave. Finally, the next major support sits at $286.00-$285.00.

Ethereum Price ETH/USD Forecast

The pair is currently well below the 61.8 percent Fibonacci retracement level of the last bullish wave from the $286.49 low to $352.70 high. Therefore, the price will most likely retest the last swing low of $286.00.

The mentioned $286.00 support holds the key for the next wave in Ether’s price. A close below $286.00 would take the price toward the 1.236 extension of the last bullish wave from the $286.49 low to $352.70 high at $270.00.

Alternatively, if buyers succeed in preventing declines below $286.00, ETH/USD could bounce back toward $320.00, with gains beyond this last session required to confirm additional upsides.

Important Resistance Levels

$306.00 and $320.00

Important Support Levels

$286.00 and $270.00

2-hour RSI

The RSI has reached the 25 level (oversold level).

2-hour MACD

The MACD is showing strong bearish signals.

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.