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 ---
--%
Wednesday Nov 14th 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: Can Ether Break This Key Resistance?

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether’s price recovered recently against the US dollar and bitcoin. ETH/USD is approaching the key $206.00 resistance level.

Key Highlights

Ether’s price recovered after testing the $200.00 support area against the US dollar.
ETH/USD is trading below an important bearish trendline with resistance at $206.00 on the 2-hour chart.
ETH/BTC stayed above the 0.0310BTC support level with a few positive signs.

Technically, the 6-hour chart indicators are currently recovering in the bearish territory.

Ether Price Analysis

Yesterday, ETH/USD tested the all-important $200.00 support area. Later, the pair started a decent recovery and moved above the $204.00 resistance area.

ETH/BTC also stayed above the key 0.0310BTC support, which is a positive zone. The pair is slowly moving higher, but it is still trading well below the 0.0320BTC resistance.

Ethereum Price Analysis ETH

Starting with the 6-hour chart of ETH/USD, the pair found support near $200.00 on two occasions. The recent dip stalled at $200.87 and later the price started an upward move. It seems like the price traded above a bearish trendline with resistance at $204.00.

However, there are many hurdles on the upside near the $209.00 and $210.00 levels. Besides, there is also a bearish trendline with resistance at $209.00, above which the price is likely to gain bullish momentum above the $210.00 resistance.

Dropping down to the 2-hour chart of ETH/USD, the pair climbed higher from the $200.87 low and traded above the $204.00 resistance. However, the upward move found sellers near the $205.00-206.00 zone. Moreover, there is a major bearish trendline in place, with resistance at $206.00.

Ether Price Analysis ETH

A successful close above the $206.00 resistance and the 50 Fibonacci retracement level of the recent drop from the $211.85 high to $200.87 low will most likely accelerate gains in Ether in the near term.

On the flip side, if Ether’s price fails to break the $206.00 resistance, there could be a downside reaction. In the mentioned case, ETH/USD may revisit the $201.00 and $200.00 support levels. Overall, as long as the price is above $200.00, there could be more gains above $206.00 and $209.00.

Important Resistance Levels

$206.00 and $209.00

Important Support Levels

$201.00 and $200.00

6-hour RSI

The RSI is moving higher toward the 40 level.

6-hour MACD

The MACD is slowly reducing its bearish slope.

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.