The cryptocurrency pair $ETH/USDC represents the value of Ethereum ($ETH) expressed in USD Coin ($USDC), a stablecoin pegged to the value of the US dollar. This pair is widely used in both decentralized and centralized exchanges due to the stability of $USDC and the popularity of Ethereum as a network for smart contracts. By trading $ETH/USDC, traders can speculate on the price of Ethereum without the volatility of fiat dollars, as $USDC aims to maintain a 1:1 parity with the USD. This pair is ideal for those looking to enter or exit the Ethereum market quickly without going through fiat currencies. Additionally, the $ETH/USDC pair often has high liquidity, which facilitates buying and selling operations with less price slippage. Many investors choose it for trading, staking, or as a bridge to access other cryptocurrencies within the DeFi ecosystem. The relationship between $ETH and $USDC is also key to measuring the overall sentiment of the crypto market, especially during significant bullish or bearish movements.