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

    Ethereum price analysis: $250.00 resistance remains key

    By Nathan Batchelor

    13:58, 12 June 2020

    Ethereum price analysis

    Ethereum continues to press against critical resistance, as ETH/USD bulls attempt to rally the cryptocurrency to a new multi-month high.

    Ethereum price analysis shows that a sustained breakout above the $250.00 level should see the cryptocurrency testing towards the $290.00 level.

    ETH/USD medium-term price trend

    Ethereum remains well supported by dip-buying interest as the cryptocurrency presses against key trendline resistance on the daily time frame. 

    Ethereum technical analysis shows that gains above the $250.00 level expose further upside towards the $290.00 level.

    Ethereum technical analysis

    The daily time frame shows that if the ETH/USD pair reaches the $290.00 level then a large inverted head-and-shoulders pattern will form.

    According to the size of the potential bullish pattern then the ETH/USD pair could rally towards the $500.00 level over the medium term.

    It is also noteworthy that a major breakout from a long-term triangle pattern will take place if the price breaks out from the $250.00 level.

    What is your sentiment on EA?

    147.95
    Bullish
    or
    Bearish
    Vote to see Traders sentiment!

    US100

    21,368.00 Price
    +0.500% 1D Chg, %
    Long position overnight fee -0.0234%
    Short position overnight fee 0.0012%
    Overnight fee time 22:00 (UTC)
    Spread 1.8

    BTC/USD

    96,151.00 Price
    +1.040% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 22:00 (UTC)
    Spread 50.00

    XRP/USD

    2.22 Price
    +0.570% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 22:00 (UTC)
    Spread 0.01106

    Gold

    2,624.28 Price
    +0.070% 1D Chg, %
    Long position overnight fee -0.0151%
    Short position overnight fee 0.0069%
    Overnight fee time 22:00 (UTC)
    Spread 0.30

    ETH/USD short-term price trend

    Ethereum technical analysis shows that the cryptocurrency is bullish over the short term while the price trades above the $217.00 level.

    The four-hour time frame currently shows that a symmetrical triangle pattern has formed.

    Ethereum technical analysis

    According to the size of the neutral pattern, the ETH/USD pair could rally towards the $275.00 level, if bulls move the price above the $250.00 level.

    Technical analysis shows that a drop below the $240.00 level could cause the ETH/USD pair to decline towards the $217.00 level.

    Traders who are bullish towards the ETH/USD pair may wait for a breakout above the $250.00 level or a pullback towards the $217.00 support areas.

    ETH/USD technical summary 

    Ethereum technical analysis highlights that the ETH/USD pair could stage a major rally if the price settles above the $250.00 level. The $290.00 level is seen as a likely upside target.

    Markets in this article

    ETH/USD
    Ethereum / USD
    3342.88 USD
    62.16 +1.900%

    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