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

ETH/USD Forecast: Resistance Turned Support





Ether price trimmed most of its yesterday’s gains against the US Dollar, and ETH/USD is currently trading above a resistance turned support area at $9.80.

Key Highlights

Ether price reached a new weekly high yesterday at $10.22 against the US Dollar, and moved down.
The ETH/USD pair traded towards the $9.80-$10.00 area, which was a resistance earlier and currently acting as a support.
There is an expanding triangle pattern formed on the 4-hours chart of ETH/USD, acting as a resistance.

Technically, the hourly chart indicators have turned north with the RSI around 45 and the Momentum still neutral.

Can Ether Price Bounce Again?

The Ethereum network 4th Hard Fork was successful yesterday, but it hardly helped Ether price in gaining momentum. Before the hard fork, the price made up ground, but later trimmed most of its gains.

Ether Price Analysis Chart

Ether price after trading as high as $10.22 against the US Dollar started a downside move, and traded below the 50% Fibonacci retracement level of the recent wave from the $9.45 low to $10.22 high.

However, there was a strong reaction around the $9.80 support area. As we saw earlier, the stated level acted as a barrier for upsides, and this time it prevented losses in ETH/USD.

The price is currently trading above the highlighted crucial support area on the hourly chart and consolidating losses. On the upside, the $9.90-$10.00 levels may act as a resistance in the short term. A break above it could open the doors for a move towards the last swing high of $10.20.

Ethereum ETH to USD Forecast

The 4-hours chart of ETH/USD highlights an interesting scenario. First, the broken resistance trend line is currently acting as a support at $9.70. Second, there is an expanding triangle pattern forming with resistance at $10.20 and support at $9.60.

It looks like the highlighted triangle pattern may play a key role for ETH/USD movements in the short term. If there is a break above the triangle resistance, it may set the pace for further gains in Ether price.

Important Resistance Levels

$10.00 and $10.20

Important Support Levels

$9.80 and $9.75

Hourly RSI

The RSI technical indicator is just below the 50 level, and looking for a break above it.

Hourly MACD

The MACD is currently reducing the bearish slope and may move into the bullish 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.