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 ---
--%
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 Price Forecast: Ether’s Next Stop Could Be $125

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether’s price extended gains and traded to new weekly highs against the US dollar and bitcoin. ETH/USD remains supported near $105.00 and could trade toward $115.00 and $125.00.

Key Highlights

Ether’s price rallied further and traded to a new weekly high at $112.24 against the US dollar.
A major bullish trendline formed with support near $105.00 on the 2-hour chart of ETH/USD.
ETH/BTC tested the 0.0280BTC resistance area and later corrected lower.

Technically, the 12-hour chart indicators are about to move into the bullish territory.

Ether Price Analysis

Yesterday, we discussed that dips in ETH/USD remain attractive to buyers above $100.00. The pair corrected a few points from the $109.26 high, but it found support and bounced back above $110.00.

ETH/BTC also extended gains and traded above the 0.0280BTC resistance. However, it failed to retain strength and later corrected lower below 0.0275BTC and 0.0270BTC. The next support is at 0.0265BTC, where buyers are likely to appear.

Ethereum Price ETH

Starting with the 12-hour chart of ETH/USD, the pair successfully settled above the key $100.00 resistance, a crucial bearish trendline, and the 23.6 Fibonacci retracement level of the drop from $182.06 (November 19, 2018 swing high) to $82.12 low.

The current price action is very positive and it seems like the next major hurdle for buyers is near the $125.00 level, above which the price could test the 50 Fibonacci retracement level of the drop from $182.06 to the $82.12 low, near $132.00.

Dropping down to the 2-hour chart, there is a solid uptrend in place from the $82.12 low. Ether recently traded to a new weekly high at $112.24 and is currently consolidating gains.

Ether Price Analysis ETH Chart

An initial support is at $108.00, followed by a major bullish trendline formed with support near $105.00. Therefore, a downside correction toward $105.00 is likely to find a strong buying interest.

To sum up, there are lot of positive signs visible on both charts and a sustained move beyond the $115.00 level will most likely push Ether toward the $125.00 resistance. On the flip side, $108.00 now becomes the immediate support to defend, which if broken might drag ETH/USD back toward testing the $105.00 support.

12-hour MACD

The MACD is slowly moving into the bullish zone.

12-hour RSI

The RSI is currently near the 50 level.

Important Support Levels

$108.00 and $105.00

Important Resistance Levels

$112.00 and $115.00

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 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.