81% of retail accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% 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.
Regulator asic CySEC fca

Ethereum’s 5th anniversary launch of ETH 2.0

July 31, 2020 16:00

Ethereum was first announced at the 2014 North American Bitcoin Conference in Miami and launched on July 30, 2015, and grew to become one of the most significant cryptocurrencies worldwide. For its fifth anniversary, Ethereum will take its first steps towards leaving behind the Proof-of-Work (PoW) blockchain network it currently functions on, to launch a Proof-of-Stake (PoS) test with Ethereum 2.0.

Once the platform-wide upgrade is eventually launched, ETH holders with a minimum of 32 ETH in their wallets can earn rewards in the form of annualized interest, and is intended to address the issues of scalability which limits the network's capacity to handle and manage a large number of transactions. These changes will make Ethereum much more attractive to a wide variety of traders and market participants, so we can expect some interesting volatility in the near future.

So how can we trade Ethereum's anniversary?

Currently, after months of seeing significant volatility in Ethereum, its prices have clearly stabilized. As we can see in the weekly chart of Ethereum, from the MetaTrader 5 platform, from Admiral Markets, prices climb positions, thus exceeding important levels of short-term resistance (288). Now she is on her way to attack medium-term resistances (361) and the subsequent journey is important.

Chart ETHUSD, W1, 2020.07.31 09:26 UTC, Admiral Markets Group AS, MetaTrader 5, Demo

Source: Admiral Markets MT5 #ETHER Weekly chart (between May 28, 2018, to July 31, 2020). Accessed: July 31, 2020, at 12:00pm GMT - Please note: Past performance is not a reliable indicator of future results, or future performance.

The levels around 823 and 1400 seem too optimistic at the moment, but as we said before, the arrival of Ethereum 2.0 is a big step for Ethereum and a huge leap for the crypto world, so it could attract a lot of interest from investors interested in this type of asset.

The indicators continue to reflect interest and strength in the short term, so there is no indication of seeing a change in the current identifiable trend.


Discover the world's #1 multi-asset platform

Admiral Markets offers professional traders the ability to trade with a custom, upgraded version of MetaTrader 5, allowing you to experience trading at a significantly higher, more rewarding level. Experience benefits such as the addition of the Market Heat Map, so you can compare various currency pairs to see which ones might be lucrative investments, access real-time trading data, and so much more. Click the banner below to start your FREE download of MT5 Supreme Edition!

Download MetaTrader 5 and begin trading today!

Disclaimer: The given data provides additional information regarding all analysis, estimates, prognosis, forecasts or other similar assessments or information (hereinafter "Analysis") published on the website of Admiral Markets. Before making any investment decisions please pay close attention to the following:

  1. This is a marketing communication. The analysis is published for informative purposes only and are in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.
  2. Any investment decision is made by each client alone whereas Admiral Markets shall not be responsible for any loss or damage arising from any such decision, whether or not based on the Analysis.
  3. Each of the Analysis is prepared by an independent analyst (Juan Enrique, Professional Trader and Analyst, hereinafter "Author") based on the Author's personal estimations.
  4. To ensure that the interests of the clients would be protected and objectivity of the Analysis would not be damaged Admiral Markets has established relevant internal procedures for prevention and management of conflicts of interest.
  5. Whilst every reasonable effort is taken to ensure that all sources of the Analysis are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admiral Markets does not guarantee the accuracy or completeness of any information contained within the Analysis. The presented figures refer that refer to any past performance is not a reliable indicator of future results.
  6. The contents of the Analysis should not be construed as an express or implied promise, guarantee or implication by Admiral Markets that the client shall profit from the strategies therein or that losses in connection therewith may or shall be limited.
  7. Any kind of previous or modeled performance of financial instruments indicated within the Publication should not be construed as an express or implied promise, guarantee or implication by Admiral Markets for any future performance. The value of the financial instrument may both increase and decrease and the preservation of the asset value is not guaranteed.
  8. The projections included in the Analysis may be subject to additional fees, taxes or other charges, depending on the subject of the Publication. The price list applicable to the services provided by Admiral Markets is publicly available from the website of Admiral Markets.
Leveraged products (including contracts for difference) are speculative in nature and may result in losses or profit. Before you start trading, you should make sure that you understand all the risks.

Admiral Markets Group consists of the following firms:
Admiral Markets Pty Ltd
Regulated by the Australian Securities and Investments Commission (ASIC)
CONTINUE
Admiral Markets Cyprus Ltd
Regulated by the Cyprus Securities and Exchange Commission (CySEC)
CONTINUE
Admiral Markets UK Ltd
Regulated by the Financial Conduct Authority (FCA)
CONTINUE
Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.
Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.