Close Preview x  
Close x
Expert Advisor Hosting Request

Please provide the following information:
(All Fields Required)

X My Account Secure Account Login Login

Close x
Online Security

Secure login
Ensuring the security of your personal information is of paramount importance to us. When you sign in to the trading platform, your User ID and password are secure.

The moment you click Login, we encrypt your User ID and password using 128-bit Secure Sockets Layer (SSL) technology.

Browser security indicators
You may notice when you are on our website that some familiar indicators do not appear in your browser to confirm the entire page is secure. Those indicators include the small "lock" icon in the bottom right corner of the browser frame and the "s" in the Web address bar (for example, "https").

To provide the fastest access to the trading platforms, we have made signing in to trading platforms secure without making the entire page secure. Again, please be assured that your ID and password are secure.

Close x

We would like to contact you by telephone to help you make the most of your demo account, and inform you about our products and services. By submitting your telephone number you agree that can contact you by telephone.
Privacy policy
Ethereum maintains bullish bias

Updated  May 15, 2018 5:54:08 AM Written by Fawad Razaqzada

The technical outlook on Ethereum hasn’t changed much since our last update on it at the start of the month (see “Ethereum leads crypto upsurge as stocks slump” for more). As mentioned then, ETH/USD was showing relative strength among the major cryptos, which still remains the case. Although last week’s pullback saw Ethereum go below the $700 support level, it has now risen back above it and price never broke below the invalidation level of $627 to tilt the bias back to bearish. With Ethereum also back above the 200-day average, the bullish bias thus remains intact for the time being. We had also identified the area between $800 and $835, which was formerly support, as the next resistance zone. As it turned out, this area did in fact turn into resistance. However, the resulting sell-off from this area has been mild thus far, pointing to modest profit-taking there. Going forward, the bulls will be hoping that it clears this $800-$835 resistance range in order to confirm that the buyers are well and truly in control again. If this happens to be the case then the next bullish objective would be the 61.8% Fibonacci retracement level at $1016/7. Alternatively, if Ethereum goes back below the aforementioned $700 support level and holds below it for a while then this would increase the likelihood of a breakdown below that $627 level. In this potential scenario, Ethereum’s next stop could very well be around the next support at $535 or lower. 

Source: and Please note, this product is not available to US clients.

Disclaimer: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that is not rendering investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. is regulated by the Commodity Futures Trading Commission (CFTC) in the US, by the Financial Services Authority (FCA) in the UK, the Australian Securities and Investment Commission (ASIC) in Australia, and the Financial Services Agency (FSA) in Japan. Please read Characteristics and Risks of Standardized Options.


Test your trading strategies risk free btn_demo_blue_hover.gif OR btn_open_an_account_dark_grey_alt_hover.gif

Have more questions?

Chat Live Now or call 0800 032 1948