$ETH
The ETH/USD pair represents the price of Ethereum in US dollars and is one of the most significant trading pairs in the crypto market. Here's a summary¹:
- *Current Price*: Ethereum is trading at $1,788.69, with a 0.81% increase.
- *Market Sentiment*: The pair's price action is influenced by market sentiment, with positive news driving prices up and negative news driving them down.
- *Supply and Demand*: Ethereum's supply and demand, as well as US economic and political factors, impact the pair's price.
- *Technicals*: The 50-day and 200-day EMAs are key indicators, with a Golden Cross indicating bullish trends and a Death Cross indicating bearish trends.
- *Resistance Levels*: The pair faces resistance at $1,565 and $1,575, with potential targets at $1,220 and $1,800.
- *Volatility*: The ETH/USD pair is highly volatile, offering opportunities for speculation and trading.
To trade ETH/USD, choose a reputable cryptocurrency exchange like Coinbase, Binance, or Kraken.