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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Click here to read full risk warning

ETHUSD - Recovers Well to $160 as Hard Fork Looms

on January 3, 2019 | By Stuart McPhee | ETHUSD, Ethereum

 

 
Ethereum (ETHUSD) has enjoyed its last few weeks and into the new year by moving very strongly from multi-year lows near $80 back up to around $160 in the last 24 hours. It has met some resistance at the latter level in the last couple of weeks which has seen Ethereum sold off a little. Given its momentum in its recent run, it wouldn’t surprise many to see it break through the resistance at $160 and threaten to return to the next potential significant level of $190. Ethereum enjoyed support from the $190 level for a couple of months before it broke down strongly through this level down to the multi-year lows close to $80.
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ETHUSD - Desperately Seeking Any Support from Around $250

on September 6, 2018 | By Stuart McPhee | ETHUSD, Ethereum

 

 
After dropping sharply for several weeks, Ethereum is desperately looking for any support from around the $250 level which has propped it up a little in the last couple of weeks. Throughout the first half of August, Ethereum fell very sharply through any support at $400 down to new lows for 2018 a couple of weeks ago. Since that time, it has attempted to rally higher without much luck. It returned to back above $300 briefly before easing back towards the $250 level. Ethereum was enjoying a reprieve from the heavy selling as it received some much-needed support from around $400 throughout July however that level now seems some distance away.
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ETHUSD - Drops to 2018 Low Below $350

on August 9, 2018 | By Stuart McPhee | ETHUSD, Ethereum

 

 
The last few days have seen Ethereum drop sharply through any support at $400 down to a new low for 2018 below $350. Ethereum was enjoying a reprieve from the heavy selling as it received some much-needed support from around $400 for the last month or so, however this has given way for the time being. During this consolidation, a strong rally saw it push up to a one month high above $500, however this was short lived. Throughout May and June however, the cryptocurrency continued to decline strongly. 
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Click here to read full risk warning.
 
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