#TradingPairs101 Relative value: The price of the pair shows how much BTC can be obtained for 1 ETH. For example, if the ETH/BTC rate = 0.065, it means that 1 ETH is worth 0.065 BTC.

- Market influence: The dynamics of the pair depend on the supply and demand for both cryptocurrencies. If Ethereum rises faster, the ETH/BTC rate increases, and if Bitcoin strengthens, the pair decreases.

- Trading volumes: ETH/BTC is usually less liquid than trading against USDT or other fiat pairs, but it provides opportunities for hedging and earning on fluctuations.

- The role of BTC as an "anchor": Many traders look at ETH/BTC to determine the strength of altcoins compared to Bitcoin, as BTC often sets the overall market trend.