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 Relatively Muted





Ether moved back towards the $290.00 support against the US dollar while consolidating versus bitcoin. Let’s see what’s stopping ETH/USD from gaining momentum.

Key Highlights

Ether failed to move above the $310.00 level against the US dollar and started a downside move.
ETH/USD is currently trading near a bullish trendline with support at $290.00 on the 2-hour chart.
ETH/BTC is stable and consolidating above the 0.052BTC support (previous resistance).

Technically, the 2-hour chart indicators are sliding back in the bearish territory.

Ether Price to Retest Lows?

It seems like yesterday’s upside move in ETH/USD was more of a rejection at $275.00 rather than a bullish trend change. After a sharp rise, the pair failed to move above the $310.00 level and started a new downward slide.

Ether Price Analysis Chart

On the other hand, ETH/BTC was stable and started trading in a range above the 0.052BTC support. It must hold the 0.052BTC and 0.050BTC support levels to remain in the positive zone.

Starting with the 2-hour chart of ETH/USD, there was a complete failure near $310.00-$311.00. The pair moved down and traded below the 38.2 percent Fibonacci retracement level of the last wave from the $275.04 low to $311.25 high.

However, the downside move was protected by the $290.00 support and the 50 percent Fibonacci retracement level of the last wave from the $275.04 low to $311.25 high. There is also a bullish trendline with support at $290.00 on the same chart.

Therefore, it seems like the $290.00 support might play a significant role in the next few sessions. A close below $290.00 could spark further declines towards $285.00 and $280.00.

Ethereum Price ETH/USD Forecast

Moving up to the 6-hour chart of ETH/USD, there is a new connecting bearish trendline forming with current resistance at $305.00. The next hurdle for buyers is near $310.00, yet a more relevant resistance may be seen in the $318.00-$320.00 region.

Overall, the short-term technical picture for Ether remains neutral and the price needs to regain $310.00 to have chances of gaining further. Beyond that point, $318.00 and $320.00 are the next resistances. An immediate support is $290.00, and a break below could support additional slides, first to $285.00 and then $280.00.

Important Resistance Levels

$310.00 and $318.00

Important Support Levels

$290.00 and $285.00

6-hour RSI

The RSI is currently near 40 and heading south.

6-hour MACD

The MACD is still in the bearish zone and struggling to gain traction.

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.