We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 0.69% Gold: -0.23% Oil - US Crude: -2.49% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/enkKZQzC4J
  • #Gold Price Technical Outlook: $XAUUSD Correction Approaching Support - https://t.co/XCkrdESFN4 https://t.co/wlvI0myFZm
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.01% 🇨🇦CAD: -0.02% 🇯🇵JPY: -0.18% 🇳🇿NZD: -0.43% 🇬🇧GBP: -0.77% 🇦🇺AUD: -0.84% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/rAo0MfnXVB
  • Heads Up:🇺🇸 Fed Bullard Speech due at 16:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-05-27
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.91% US 500: 0.14% FTSE 100: 0.12% France 40: 0.06% Germany 30: 0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/hZuIomNwSE
  • The United States will not certify the autonomy of Hong Kong, putting its trade status in danger - BBG
  • RT @Lagarde: I am heartened to see this common European answer to the economic difficulties resulting from the coronavirus pandemic. #Stron…
  • Hey traders! With the bullish bias in the past few days, what are some highlights we are getting into today? Find out 👇 from @DailyFX Chief Strategist, @JohnKicklighter ! https://t.co/eXO2YWutRY
  • https://t.co/Mi7kAVUVOI
  • El crudo #WTI se juega los 35$ por barril en un marco político preocupante #oil #petroleo #trading https://t.co/B6NjYvTgs8
Ethereum (ETH) 'Death Cross' About to Appear

Ethereum (ETH) 'Death Cross' About to Appear

2018-04-10 09:08:00
Nick Cawley, Strategist
Share:

Ethereum News and Talking Points

- Ethereum chart set-up points to further downside.

- Near-term support missing.

IG Client Sentiment show that 90.7% of traders are net long of Ethereum and recent changes in client positing give us a stronger contrarian bearish stance. Download our free guide to see what this data means and how traders can use the information for potential trade set-ups.

Ethereum Chart Hints at Lower Prices

The recent sharp down trend for the second largest cryptocurrency Ethereum looks set to push the 50-day moving average down through the 200-day moving average, a technical set-up known as a bearish- or death-cross. The cross-over is normally confirmed with higher volume – not the case with ETH – and highlights a decline in short-term momentum. While ETH has already fallen by over $1,000 to a current level of $394, the cross-over may indicate that bearish sentiment remains and that lower prices may follow.

ETH is currently respecting its down trend channel from the January 13 high at $1,421 although the token is currently trying to break to the upside. The charts shows that ETH had a false break above the trend line in early March before falling back below trend for the last five weeks.

Bitcoin (BTC) experienced its own 50-/200-day ma cross-over in late March when the token was trading around $7,500 compared to a current level of $6,720.

We discuss a range of cryptocurrency charts and price set-ups at our Weekly Cryptocurrency Webinar every (Wednesday) at 12:00.

Ethereum (ETH) Price Chart in US Dollars(September 7, 2017 – April 10, 2018)

Ethereum (ETH) 'Death Cross' About to Appear

Cryptocurrency Trader Resources – Free Practice Trading Accounts, Guides, Sentiment Indicators and Webinars

If you are interested in trading Bitcoin, Bitcoin Cash or Ethereum we can offer you a wide range of free resources to help you. We have an Introduction to Bitcoin Trading Guide along with a Free Demo Account. In addition we run a Weekly Bitcoin Webinar and have an IG Bitcoin Sentiment Indicator to help you gauge the market and make more informed trading decisions.

What’s your take on the Ethereum ‘Death Cross’? Share your thoughts and ideas with us using the comments section at the end of the article or you can contact me on Twitter @nickcawley1 or via email at nicholas.cawley@ig.com.

--- Written by Nick Cawley, Analyst.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.