Ether, Dash Still in Uptrends


Both Ether and Dash are still in uptrends. But while Dash gained new ground during the past two weeks, Ether stayed mostly flat.

Ether Prices Mostly Stable After Rally

Ether prices have stayed mostly stable during the past two weeks. We are currently quoted at 0.01148, down by 5 percent compared to our last ETH update. This is not much considering that up to this point prices rallied 50 percent from the lows hit in December.


The uptrend remains unbroken as you can see on the chart above. But a decisive breakdown below the 0.01106 swing low could end it. Support below here can be found at at the 0.01 round figure,a move below here could shift the trend from up to down. The former swing highs near 0.0089 BTC could also provide some support to falling prices. The December low at 0.0073 is another potential support, followed by the semi-round figure at 0.05 BTC.

On the upper side we have resistance at this month’s high of 0.01259. Higher up we have more resistance at 0.01332 BTC, closely followed by the 0.01382 swing high and the 0.015 round figure. While the short-term (daily) trend is bullish here, the weekly trend remains bearish.

Dash Gains More Ground

Dash prices gained more ground during the past 14 days. We are currently trading at 0.01609, around 7.7 percent higher.


Dash is still in rally mode. To end it, the bulls will have to push prices below the 0.01485 swing low. We have support below here at the 0.01215 swing low. A decisive break below here could start a new downtrend. More support can be found at 0.01104, followed by a strong support level at the 0.01 BTC round figure. This is near last year’s low for DSH/BTC (0.01003). A breakdown below here could intensify the losses.

On the upper side, the double top near 0.01744 remains key. A successful breakout above it could propel Dash higher. The longer-term trends are still undecided, with both the weekly and the monthly charts in neutral mode.

Bitcoin Edges Higher

Bitcoin prices have edged higher during the past two days, from $900 to $905 dollars per coin. Prices remain range-bound. A new uptrend requires a decisive breakout above the $925 swing high, while a new downtrend needs a move below the $748 swing low. Note that the fundamental picture for bitcoin remains bleak, as we have outlined in our previous BTC article.

FXOpen offers the world's most popular cryptocurrency CFDs*, including Bitcoin and Ethereum. Floating spreads, 1:2 leverage, 30% margin call, 0.01 lot minimum transaction size with no maximum — at your service. Open your trading account now or learn more about crypto CFD trading with FXOpen.

*At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules respectively. They are not available for trading by Retail clients.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Latest from Cryptocurrencies

Bitcoin Cash Analysis: Promising Resistance Breakout Cryptocurrency Prices Rise on SEC Rumours Market Analysis: Bitcoin Sets September High BTC/USD Analysis: Bulls Lose Progress Amid SEC Defeat Bitcoin Trading Volumes Fell to a Minimum of 4 Years

Latest articles

Financial Market News

Weekly Market Wrap With Gary Thomson: Inflation, EUR/USD, S&P 500, OIL

Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights. Inflation Still Dogs the

Forex Analysis

Market Analysis: Dollar Falls from 10-month High

EUR/USDThe euro rose on Thursday as the dollar retreated since investors remained cautious ahead of key inflation figures due on Friday. Data on Thursday showed the US economy maintained fairly strong growth in Q2, with an unrevised annual rate


US 30 Analysis: Dow Jones Finds Support

September is likely to be the second month in a row that the Dow Jones (US 30) stock market index declined. The last time this happened was... also in September, a year ago. Important economic data was published yesterday: → According

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% 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.