Why is ETH/USDT so important?
1. High liquidity
This is one of the most popular pairs on Binance, providing fast order execution with minimal spread.
2. Ease of understanding price
Price in USDT = price in dollars. This is convenient for both beginners and experienced traders.
3. Base pair for entry/exit strategy
Investors often take profits by converting ETH to USDT during market downturns.
4. Suitable for spot and futures
On Binance, you can trade ETH/USDT in both spot mode and with leverage on futures (ETHUSDT perpetual).
Popular trading strategies for ETH/USDT
• Long-term holding (HODL): buying ETH with the intention to hold for several months or years.
• Day trading: buying/selling within one day on short-term fluctuations.
• Technical analysis: using support and resistance levels, patterns, and indicators.
• News trading: reacting to events related to Ethereum (network upgrades, partnerships, etc.).