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 ---
--%
Monday Nov 19th 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 Holding Uptrend Support

By

Aayush

Jindal

Guest AnalystETHNews.com

Ether is gaining momentum versus bitcoin while correcting lower against the US dollar. ETH/USD remains well supported above the $755.00 level.

Key Highlights

Ether traded toward the $840.00 level against the US dollar where it faced selling interest.
A major bullish trendline with current support at $755.00 holds the key on the 2-hour chart of ETH/USD.
ETH/BTC gained momentum and was able to move above the 0.0480BTC and 0.0500BTC resistance levels.

Technically, the 2-hour chart indicators are moving slightly lower in the bullish territory.

ETH/USD Remains Well Supported

There was a decent upside move in ETH/USD from the $770.00 low. The pair moved above the $800.00 level but failed to surpass offers near the $840.00 level.

On the positive side, ETH/BTC retained bullish momentum and traded above the 0.0480BTC and 0.0500BTC resistance levels. The overall market sentiment is favoring more gains as long as the pair is above 0.0450BTC.

Ether Price Analysis Chart

Looking at the 30-minute chart of ETH/USD, there was a break above a short-term bearish trendline at $800.00, which opened the doors for more gains. The pair traded as high as $838.62 and later started consolidation in a range.

Recently, there was a slight increase in the bearish pressure, which resulted in a downside push below the range support of $825.00. The pair is currently moving lower, but downsides seem to be limited, having supports at $800.00 and $770.00.

Moreover, the 50 percent Fibonacci retracement level of the last wave from the $752.50 low to $838.62 high could also provide support if Ether’s price moves below $800.00.

Moving up to the 2-hour chart of ETH/USD, the pair remains well supported on the downside around two bullish trendlines at $795.00 and $755.00. The lower trendline is crucial since it prevented declines during critical situations.

Ethereum Price ETH/USD Forecast

On the upside, there is a connecting bearish trendline forming with resistance at $840.00. A successful close above the mentioned $840.00 could clear the path for more gains toward $870.00 and $900.00 in the near term.

To sum up, both ETH/USD and ETH/BTC are in bullish zones and remains well supported for more upsides. 

Important Resistance Levels

$840.00 and $850.00

Important Support Levels

$800.00 and $755.00

2-hour RSI

The RSI is moving lower toward the 55 level.

2-hour MACD

The MACD is showing a few weak bearish signs.

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.