The coin pair $ETH , commonly referred to in trading as ETH/USD, represents the exchange rate between Ethereum (ETH), a leading decentralized blockchain platform, and the US Dollar (USD).
This pair is one of the most actively traded in the cryptocurrency market, offering high liquidity and volatility. Traders analyze this pair to speculate on the price movements of Ethereum against the dollar, using tools such as technical analysis, market sentiment, and news related to blockchain technology or regulatory developments.
As Ethereum continues to evolve with updates like Ethereum 2.0 and increased adoption of decentralized applications (dApps), the ETH/USD pair remains a key indicator of the platform's market strength and investor confidence.