Ethereum is a blockchain platform that empowers developers to develop and launch decentralized apps (dApps). ETH serves as the network’s native cryptocurrency.
As with other cryptocurrencies, Ethereum (ETH) prices are determined by supply and demand factors including technological innovations, investor sentiment and macro events.
Technical indicators provide investors with another useful way to analyze trends and patterns in the ETHUSD price, including moving averages as an easy way to spot potential buying and selling opportunities.
What is ETH?
Like Bitcoin, Ethereum (ETH) is a blockchain-based platform that enables secure payments without intermediaries – but unlike its creator Satoshi Nakamoto who remains unknown today, Ethereum was founded by real people like Russian-Canadian Vitalik Buterin.
Ethereum network operates using its own digital cryptocurrency known as Ether, used for transaction fees on the platform and remunerating network validators who help protect it. Ether is currently the second most-popular crypto behind bitcoin with an estimated market cap surpassing $270 billion.
Investors can monitor ETH prices using charts that display asset prices over time and moving averages, as well as signs such as golden crosses (wherein 50-day MA crosses above 200-day MA), death crosses and negative MACD moves that signal new bearish trends (known as death crosses and golden crosses respectively). A positive move in either of the MACD lines may also serve as sell signals.
How to buy ETH?
If you’re interested in investing in Ethereum (ETH), the first step should be opening a cryptocurrency account. Opening an ETH wallet requires similar steps as opening a stock brokerage account; you will have to verify your identity before funding it with fiat currency (such as USD).
Cryptocurrency exchanges are the go-to place to purchase and sell digital coins. You should look for one with multiple payment methods, reasonable fees, and an extensive range of tradable coins; many exchanges also provide mobile apps for trading on the go.
Once you’ve acquired Ethereum, be sure to store it safely in an account you control – this will protect against exchange hacking or closure. Hardware wallets like Ledger or Trezor offer more secure storage of private keys offline; or alternatively you could purchase it on an exchange that allows trading other cryptocurrencies for ETH.
How to sell ETH?
There are various ways to sell Ethereum (ETH). One popular solution is cryptocurrency exchanges; these can provide the best bang-for-buck returns if you shop around before making a sale decision. Just ensure you research exchange fees carefully to be sure you’re receiving the best price for your ETH.
Another option for selling your ETH directly to someone in person may be beneficial if you need cash quickly, just be sure to take necessary security precautions when meeting up with someone to sell it.
Finally, cryptocurrency exchanges provide another option for selling ETH for fiat currency. This provides more options in regards to what currency you wish to exchange it for; just make sure that the fees associated with selling are reasonable if this option appeals to you!
How to exchange ETH to USDT?
Switching crypto can be a convenient way to diversify and grow your assets. Our platform is secure, fast, and simple to use; offering top volume trading pairs alongside over 1000 cryptocurrencys under one interface.
To convert Ethereum (ETH) to USDT (USDT), first locate a DEX that offers this trading pair and connect a compatible wallet (e.g. MetaMask). Next, choose from among available options the amount of ETH you wish to exchange for USDT and select “Exchange into USDT”.
Before exchanging cryptocurrency for USDT, select a non-custodial swap and wait for it to be confirmed on the blockchain. When your transaction has been confirmed you’ll receive USDT in your wallet once processed. It is important to remember that ETH prices can change drastically quickly; so before exchanging cryptocurrency for USDT it’s wise to carefully consider your exchange strategy before taking the plunge.
