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: $160.00 level bearish target

    By Nathan Batchelor

    12:38, 2 June 2020

    Ethereum has finally broken to the upside, following weeks of sideways trading action for the ETH/USD pair.

    Ethereum price analysis shows that the cryptocurrency could rally towards the $275.00 and possibly the $300.00 resistance level over the medium term.

    ETH/USD medium-term price trend

    Ethereum is trading at its highest level since early March, as a number of top altcoins start to break to the upside. 

    The ETH/USD pair has always been boosted by the BTC/USD pair’s recent strong advance above the $9,000 level.

    Ethereum technical analysis shows that the ETH/USD pair is testing towards the top of a triangle pattern, around the $250.00 level.

    The daily time frame shows that if the ETH/USD pair breaks past the $250.00 level then a powerful rally towards the $300.00 level could take place.

    A bullish golden cross has also taken place on the daily time frame, which is generally considered to be a buy signal.

    A golden cross occurs when the 50-day moving average crosses over the 200-day moving average.

    Medium-term ETH/USD bulls are likely to buy dips towards the $220.00 level in anticipation of further gains towards the $300.00 level.

    ETH/USD

    3,408.35 Price
    +11.100% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 22:00 (UTC)
    Spread 6.00

    US100

    20,718.40 Price
    +0.360% 1D Chg, %
    Long position overnight fee -0.0241%
    Short position overnight fee 0.0019%
    Overnight fee time 22:00 (UTC)
    Spread 1.8

    Gold

    2,684.98 Price
    +1.320% 1D Chg, %
    Long position overnight fee -0.0175%
    Short position overnight fee 0.0093%
    Overnight fee time 22:00 (UTC)
    Spread 0.30

    XRP/USD

    1.42 Price
    +26.260% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 22:00 (UTC)
    Spread 0.01168

    Ethereum technical analysis

    What is your sentiment on EA?

    168.11
    Bullish
    or
    Bearish
    Vote to see Traders sentiment!

    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 $210.00 level.

    The four-hour time frame currently shows that a bullish inverted head-and-shoulders pattern has been activated.

    Technical analysis shows that the neckline of the bullish pattern is located around the $226.00 level.

    According to the size of the bullish pattern, the ETH/USD pair could rally towards the $275.00 level, if the pattern reaches its full upside potential.

    Short-term traders may buy dips towards the $226.00 or $217.00 support areas.

    Ethereum technical analysis

    ETH/USD technical summary 

    Ethereum technical analysis shows that the ETH/USD pair has finally broken from its established range. The $275.00 and $300.00 level are seen as possible upside targets.

    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