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 ---
--%
Sunday Jun 24th 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 Forecast: ETH/USD Skyrockets

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether’s price zoomed higher against the US Dollar and bitcoin. ETH/USD is now eying a new all-time high above $500.00.

Key Highlights

ETH/USD broke an ascending channel at $475.00 on the 30-minute chart to move toward $500.00.
ETH/BTC surged above the 0.030BTC resistance and is gaining bullish momentum.

Technically, the 2-hour chart indicators are gaining momentum in bullish territory.

Ether Price to Break $500 Soon?

As discussed yesterday, ETH/USD’s price action was bullish above $430.00. The pair was able to gather upside momentum and moved above the $450.00 and $475.00 resistance levels.

Ethereum Price ETH USD Forecast

However, the main performer was ETH/BTC since it was able to move above a major resistance at 0.030BTC. It is a strong bullish signal and suggests that the market sentiment is now favoring more gains. More importantly, Ether was seen trading higher, while bitcoin price declined versus the US Dollar.

Starting with the 2-hour chart of ETH/USD, there was a clear break above a major bearish trendline at $430.00. The pair also succeeded in settling above the $450.00 resistance.

At present, the price is attempting a 2-hour close above the $475.00 resistance. Should the price close above $475.00, there could be more gains above the $500.00 level. The price traded as high as $497.18 recently and is currently placed well above the $450.00 support

Dropping down to the 30-minute chart of ETH/USD, there was a break above an ascending channel with resistance at $475.00 and now it seems like Ether’s price could correct from the recent high of $497.18.

Ether Price Analysis Chart

An initial support on the downside is at $475.00 followed by $470.00 (resistance turned support). Below the mentioned $470.00, the $450.00 pivot would act as a strong support.

To sum up, ETH/USD buyers are back with a lot of strength. Once the current correction is complete, Ether will most likely resume its uptrend and attempt an upside break above the all-important $500.00 resistance.

Important Resistance Levels

$490.00 and $500.00

Important Support Levels

$470.00 and $450.00

30-minute RSI

The RSI has reached the overbought levels and is signaling a short-term correction.

30-minute MACD

The MACD is placed very well in 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, comes with an IT background. He possess strong technical analytical skills and is well known for his entertaining and informative analysis of the currency and commodities markets. He is a software engineer by profession, loves blogging and observing financial markets

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.