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 Nov 18th 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

ETH/USD Forecast: Ether Price Ready to Resume Uptrend

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether is gaining bullish momentum against the US dollar. ETH/USD is inching higher toward $480.00 and $490.00 whereas ETH/BTC is struggling below 0.030BTC.

Key Highlights

Ether is moving higher after forming a support base above $430.00 against the US dollar.
There is a crucial bullish trendline forming with support at $440.00 on the 2-hour chart of ETH/USD.
ETH/BTC is back below 0.030BTC due to a sharp rise in bitcoin price.

Technically, the 30-minute chart indicators are signaling strong bullish signs.

Ether Price to Retest $500?

It's a good start to the week as ETH/USD formed a decent support base above $430.00 and started an upside move toward $475.00 and $490.00.

Ethereum Price ETH USD Forecast

On the flip side, ETH/BTC declined once again and is currently trading below 0.0300BTC. It has to recover soon or there lies a risk of it declining toward 0.0250BTC.

On the 2-hour chart timeframe, ETH/USD started an upside move after consolidating around $420.00 for a few hours. It seems like there is a crucial bullish trendline forming with support at $440.00, which will continue to act as a major hurdle for a downside break.

The pair was recently successful in breaking the 50 percent Fibonacci retracement level of the last decline from the $511.38 high to $429.73 low. It is a positive sign, but there are many challenges on the upside for Ether buyers such as $490.00 and $500.00.

Looking at the 30-minute chart of ETH/USD, the current upside wave stopped near a connecting resistance trendline at $475.10. At present, the pair is struggling to break the trendline and resistance at $475.00.

Ether Price Analysis Chart

A successful close above $475.00 could trigger a break of the 61.8 percent Fibonacci retracement level of the last decline from the $511.38 high to $429.73 low at $480.00. In the mentioned scenario, Ether’s price will most likely challenge the $500.00 psychological level.

On the downside, there is a bullish trendline at $464.00 as a short-term support. Below $464.00, the 2-hour chart trendline at $440.00 may come into the picture. The overall price action is bullish and bearish pressure is muted for now.

Important Resistance Levels

$475.00 and $500.00

Important Support Levels

$464.00 and $440.00

30-minute RSI

The RSI has reached the overbought levels and is signaling a minor correction.

30-minute MACD

The MACD is gaining momentum 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. 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.

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.