CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
AL English
Country • Albania
    Entity • Capital Com Online Investments Ltd (SCB) (Regulated by SCB)
    English العَرَبِيَّة Deutsch ελληνικά Español Français Italiano Magyar Nederlands Polski Română Русский 简体中文 繁體中文

    ETH/BTC technical analysis: Ethereum appears more bullish

    By Nathan Batchelor

    16:27, 26 June 2020

    ETH/BTC technical analysis

    Ethereum rose to its highest trading level against Bitcoin since April 2020, as the ETH/USD pair rallied on the cryptocurrency market.

    ETH/BTC technical analysis shows that a bullish reversal pattern is pointing to more upside ahead for the pair. 

    ETH/BTC medium-term price trend

    ETH/BTC analysis  shows that the pair is trading firmly above its key 200-day moving level, as the recent multi-week advance continues.

    The ETH/USD pair has remained well-supported on pullbacks, while the BTC/USD pair continues to fluctuate between the $9,000 to $10,000 levels.

    ETH/BTC analysis

    Looking at the daily time frame, the ETH/BTC pair is currently trading within a symmetrical triangle pattern.

    The price is currently trading towards the top of the triangle pattern, which is located around the $0.0277 level.

    According to the size of the symmetrical triangle pattern the ETH/BTC pair could rally towards the $0.0320 level if a bullish breakout occurs.

    What is your sentiment on EA?

    168.11
    Bullish
    or
    Bearish
    Vote to see Traders sentiment!

    BTC/USD

    98,973.35 Price
    +4.700% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 22:00 (UTC)
    Spread 106.00

    XRP/USD

    1.43 Price
    +29.340% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 22:00 (UTC)
    Spread 0.01168

    ETH/USD

    3,375.98 Price
    +9.390% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 22:00 (UTC)
    Spread 6.00

    US100

    20,712.80 Price
    +0.320% 1D Chg, %
    Long position overnight fee -0.0241%
    Short position overnight fee 0.0019%
    Overnight fee time 22:00 (UTC)
    Spread 1.8

    ETH/BTC short-term price trend

    ETH/BTC analysis shows that the cryptocurrency has a strong bullish bias while trading above the $0.0245 support level. 

    The four-hour time frame shows that a bullish inverted head-and-shoulders pattern will form if the price reaches the $0.0278 level.

    ETH/BTC analysis

    According to the size of the bullish pattern, the ETH/BTC pair could rally towards the $0.0320 area.

    Watch out for a strong upside breakout in the ETH/BTC pair if the price moves above the neckline of the pattern, which is currently located around the $0.0280 level.

    ETH/BTC technical summary 

    ETH/BTC analysis suggests that further short- and medium-term gains for the pair appear likely. A rally towards the $0.0320 level may be on the horizon.

    Markets in this article

    ETH/BTC
    Ethereum / Bitcoin
    0.03439 USD
    0.00146 +4.480%

    Rate this article

    The difference between trading assets and CFDs
    The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
    You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
    CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
    CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
    Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that Capital.com believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

    Still looking for a broker you can trust?

    Join the 660,000+ traders worldwide that chose to trade with Capital.com

    1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading