About Ethereum and Ethereum Trading
Ethereum vs Ether
Ethereum is a digital platform functioning on the same technology as Bitcoin. On this platform, people can create or use many decentralized applications to simplify the exchange of money or other assets. Ethereum has the second-largest market capitalization in the cryptocurrency world, with almost $179 billion as of March 2, 2021.
Ether (ETH), on the other hand, is the cryptocurrency that powers transactions on the Ethereum network. Like most cryptos, Ether transactions are stored on a secure digital ledger ( the blockchain), created through mining.
What moves ETH prices?
Regulation, supply issues, media news, technology or a wider adoption can impact ETH prices. Additionally, since BTC is the world's leading crypto, when its price increases or decreases significantly, ETH's value rises or falls as well.
How can you trade XRP?
You can trade ETH on exchanges or via CFDs, each coming with its pros and cons. On exchanges, you trade against currencies such as USD, GBP or EUR (fiat currencies) by selling them and buying Ether. The disadvantage here is that you can only go long. Plus, you must own a wallet to keep your digital coins inside, which can raise security concerns for some people.
The alternative to buying Ether on exchanges is trading it via Contracts for Difference. With CFDs, you are free to trade the direction you prefer, either long or short and make use of leverage for a chance to enhance your winnings but an increased risk.
As ETH can be priced against the USD, here at CAPEX.com, you can follow the ETHUSD chart to trade on the price movements through CFDs. If you think that ETH value will go up, you can open a long position (BUY). If you believe prices will decrease, you can open a short position. With us, you can trade ETH from Sunday to Friday between 22:00-21:55 GMT. If you cannot trade at those hours, you can always pick another financial instrument, as we have more than 2100 instruments available, including popular stocks, currency pairs, indices, commodities, and others!