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

Ethereum Price Forecast: Ether Rebound Facing Hurdles





Ether’s price rebounded against the US dollar and bitcoin. However, ETH/USD is facing many hurdles near the $180.00 and $182.00 levels.

Key Highlights

Ether’s price declined toward $168.00 and later recovered a few points against the US dollar.
ETH/USD is following a declining channel with resistance at $180.00 on the 2-hour chart.
ETH/BTC recovered and moved above the 0.0315BTC resistance level.

Technically, the 2-hour chart indicators are currently just below midlines in the bearish territory.

Ether Price Analysis

Yesterday, there were heavy declines in ETH/USD below the $200.00 and $180.00 levels. The pair even failed to stay above the $170.00 level and traded close to the $168.00 support.

ETH/BTC started an upside correction and traded above the 0.0310BTC and 0.0315BTC resistance levels. However, the pair is likely to struggle near the 0.0320BTC level, which is a major resistance for a bullish break.

Ethereum Price ETH Analysis

Looking at the 2-hour chart of ETH/USD, the pair declined heavily below $200.00 and settled below the $185.00 pivot zone. Ether even traded below the $170.00 level and formed a new monthly low at $168.87.

Later, the price started a short-term correction and traded above the $175.00 level and the 23.6 percent Fibonacci retracement level of the recent decline from the $214.75 swing high to $168.87 low. However, the price struggled to stay above the $180.00 level and topped out at $182.85.

More importantly, Ether’s price is currently following a declining channel with resistance at $180.00. Should the price settle above the channel resistance, there could be a test of the $185.00 pivot level. The main resistance awaits near $190.00 and the 50 percent Fibonacci retracement level of the recent decline.

Ether Price Analysis ETH

Moving down to the 30-minute chart, ETH/USD could decline below $177.00. The next supports on the downside are $176.00 and $173.00, below which the price will most likely accelerate toward the $170.00 and $168.00 levels.

The current price action is short-term positive, but gains in Ether remain limited as long as the price is below the $185.00 pivot and the $190.00 resistance.

Important Resistance Levels

$180.00 and $185.00

Important Support Levels

$176.00 and $170.00

2-hour RSI

The RSI is currently placed near the 45 level.

2-hour MACD

The MACD is currently flat in the bearish zone.

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.