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 ---
Tuesday Mar 20th 2018

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

Ether Price Started Yet Another Consolidation





ETH/USD after testing the $12.00 support versus the US Dollar found bids, and currently consolidating in a tiny range for the next ride.

Key Highlights

Ether price remained above the $12.00 support area against the US Dollar with no major moves.
The ETH/USD pair looks like started a consolidation, and trading in a range before the next move.
There is a short-term upside break noted on the 30-min chart, signaling a positive bias.

Technically, the hourly chart indicators are mostly flat, but with slight north movements.

ETH/USD Important Support

Yesterday, I mentioned that there is a chance of a new low in Ether price versus the US Dollar, and highlighted why the $12.00 support holds a lot of value. There was a minor dip in the ETH/USD pair, but the stated support area acted as a perfect barrier for sellers.

Ether Price Analysis Chart

There was a nice rejection at $12.04, pushing the price back higher. During the recent upside move, the price managed to break a minor bearish trend line formed on the 30-min chart of ETH/USD. However, the pair found offers near the 50% Fibonacci retracement level of the last decline from the $12.28 high to $12.04 low.

At the moment, the pair is moving down, but finding support near a bullish trend line formed on the same chart. One key aspect to note is that the pair is now above the $12.10 resistance area. It means there is a chance of further gains if the Ether buyers remain in action.

Ethereum ETH/USD Forecast Chart

However, one must not hope for any major gains, as the upside may be limited. Looking at the 2-hours chart of ETH/USD, there is a clear consolidation pattern formed. On the downside, there is the all-important $12.00 support area, and on the upside, $12.25 seems to be a hurdle for buyers.

As long as the price is consolidating, we may witness range moves. Once there is a break, the price may gain momentum. In my view, the chances of an upside move are more as long as ETH/USD is above $12.00.

Important Resistance Levels

$12.25 and $12.40

Important Support Levels

$12.00 and $11.80

2-hours RSI

The RSI technical indicator is below the 50 level with no real direction.

2-hours MACD

The MACD is in the bearish zone with a flat structure, signaling a range.

Aayush Jindal

Aayush has spent over seven years as a financial markets contributor and observer. He specializes in market strategies and technical analysis, comes with an IT background. He possess strong technical analytical skills and is well known for his entertaining and informative analysis of the currency and commodities markets. He is a software engineer by profession, loves blogging and observing financial markets

ETHNews is commited to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Ether Price Consolidation, Ether Price Analysis 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.