Dec 18, · Bitcoin broke the $20, mark on Wednesday and subsequently rocketed over the 23, level before upside pressure abated. Ethereum Author: Thomas Westwater. Ethereum is the first choice of every trader after BTC. CME will launch ETH Futures on 8 February and this is huge news for ETH. ETH mainnet is successfully launched and many exchanges started the ETH staking pools. One River Asset Management, a hedge fund specializing in volatility bets, has already invested over USD m in cryptoassets and has commitments that will bring its holdings of bitcoin (BTC) and ethereum (ETH) to about USD 1bn as of early.
Trading ethereum for bitcoinBTCUSD — Bitcoin Chart and Price — TradingView
Network codebase for three years, praised Leverj on its decentralized solution for futures. In addition, Coinshares Capital Markets will provide market making and liquidity to the exchange, which will first offer Ethereum and ERC tokens.
Leverj is also supported by several big names in the crypto space, including digital asset investment firm Coinshares , Ethereum software company ConsenSys which funds an editorially independent Decrypt , stablecoin system Maker, and active investors Techemy Capital. Each of these companies are also investors in L2, the Gluon.
Read on the Decrypt App for the best experience. For the best experience, top crypto news at your fingertips and exclusive features download now. News Technology. They have a solid relationship with industry leaders. And are capable or 1,, orders per second which by far makes them the fastest exchange in the market today. You can sign up with them in less then 5 minutes here.
Binance and Coinbase are great if you are looking into buying and selling cryptos. You can sign up here if you wish! Ethereum is considered to be the next bitcoin. You can trade it for massive profits because ETH remains one of the most undervalued cryptocurrency. Our team at TGS believes that the current bear cryptocurrency market is giving us another great buying opportunity. Has Ethereum reached its peak potential in both the technology itself and the overall market cap?
This is the most important question we have to ask ourselves. If you believe Ethereum has reached its absolute peak, then investing in Ethereum can be too late. However, if you still believe there is room for growth, like our team at Trading Strategy Guides , then you should consider investing in Ethereum.
The most important thing when trading Ethereum or any other cryptocurrency is to make sure you stay in the game. Ethereum was created in and is a global, open-source platform for decentralized money and applications that lets users to write code that controls values, runs programs, and is easily accessible around the world.
Ethereum is designed specifically to run without being controlled by a government or person. Ethereum is an open-source, public, blockchain-based distributed computing platform.
It features smart contract functionality. In other words, Ethereum is a digital currency. Ethereum is a different type of blockchain the same like Bitcoin has its own blockchain.
The Ethereum blockchain has its own currency which is called Ether. The difference between Ethereum and Bitcoin is the proof of stake. And the fact that Ethereum has real people behind it. The most significant difference is the use of smart contracts. This has allowed other intelligent people to implement different cryptocurrencies based on the Ethereum blockchain. The amount of transaction that Ethereum blockchain can process, or the average block time is around 12 — 15 seconds which is faster than Bitcoin.
Buying Ethereum can be extremely simple. But it can also be a little bit daunting for the non-technical people. The process of buying Ethereum can be done quickly through an exchange where Ether is listed. The easiest way to buy Ethereum is to use a cryptocurrency exchange called Coinbase. You can get an account set up in minutes.
You can check it out here to get yourself signed up. Another great way to buy and sell Cryptocurrency is called Binance. Binance are known for their strong team, proven products, superior technology, and industry resources.
They have a solid relationship with industry leaders and are capable or 1,, orders per second. This is by far makes them the fastest exchange in the market today.
You can sign up with them here. It only takes a minute. However, you also have the option to buy Ether with Bitcoin or other major cryptocurrencies. Such as Litecoin or Ripple. All you have to do is to register a free account with any of the crypto exchanges.
Then deposit fiat and buy Ethereum through the platform. Note: Before you start trading Ethereum, you should keep in mind that the crypto market is extremely risky. It is volatile and we believe a lot of the market is just driven purely by speculation. Similar to many other blockchains, Ethereum has a native currency called Ether ETH which is that is completely digital which allows it to be sent to anyone around the world with the click of a button, making payments with the ETH currency incredibly efficient and easy.
Since Ethereum can be programmed, developers use Ethereum to build new kinds of decentralized applications dApps that offer an array of features to help track and manage currency. Many investing elites are already in the former group, however, with titans like Stanley Druckenmiller, who announced he owns Bitcoin in November. Momentum may persist further with the MACD continuing to diverge higher, however.
The The next rally may see the The usefulness of Fibonacci extensions to help find technical levels as prices venture into the unknown can be handy for these situations and may explain why many Bitcoin traders have an affinity to them. Chart created with TradingView. The technical structure in Ethereum compared to Bitcoin appears similarly bullish with recent price action following a nearly equal tempo and cadence.
The move may have some gas left in the tank, however, with the MACD continuing to diverge after a recent crossover above the signal line.
RSI sits below the 70 overbought level too. To contact Thomas, use the comments section below or FxWestwater on Twitter. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances.
Forex trading involves risk. Losses can exceed deposits.