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 Rebounds Positively





Ether is trading with a positive bias against the US dollar while losing momentum versus bitcoin. ETH/USD needs to stay above $290.00 to recover further.

Key Highlights

Ether is holding the $290.00 support very well and moving higher against the US dollar.
There are two connecting bullish trendlines forming with support near $294.00 on the 2-hour chart of ETH/USD.
ETH/BTC failed to hold the 0.052BTC support and declined toward 0.050BTC.

Technically, the 2-hour chart indicators are showing signs of a slow recovery.

Ether Price Remains Range Bound

The ETH/USD pair mostly traded in a range and remained well bid above the $295.00 and $290.00 support levels. On the other hand, ETH/BTC could not capitalize on yesterday’s move and declined back toward the 0.050BTC support.

Ether Price Analysis Chart

Looking at the 30-minute chart of ETH/USD, there are a few positive signs building above the $295.00 support. There were 2-3 attempts to break the mentioned $295.00 support, but sellers failed to gain momentum.

As a result, there was an upside move and the pair broke a bearish trendline at $297.50. However, there was no real momentum after the break and Ether’s price remains in a tight range.

On the downside, there is a short-term bullish trendline with current support at $296.00. Below $296.00, the next support comes at $295.00, which is a strong intraday barrier for further slides. Looking at the current price action, it seems like the value might retest the $295.00 support before making an upside attempt.

Switching to the 2-hour chart of ETH/USD, there are two connecting bullish trendlines forming with support near $294.00. These trendlines must hold any downside move today. Should there be a break and close below $294.00, the price could decline and test the next important support at $290.00.

Ethereum Price ETH/USD Forecast

To the topside, the pair is facing a huge sell wall near $300.00. Buyers need to build a strong momentum in order to clear the $300.00 resistance for a move toward $310.00-$311.00.

To sum up, ETH/USD’s short-term technical structure suggests an improving buying interest but remains within familiar ranges, and the pair needs to surpass $300.00 to gain upward momentum.

Important Resistance Levels

$300.00 and $310.00

Important Support Levels

$294.00 and $290.00

2-hour RSI

The RSI is just above 40 and heading north.

2-hour MACD

The MACD is slowly moving back in the bullish region.

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.