Ethereum (short for Eth) is one of the most popular cryptocurrencies. Many traders trade the coin in pairs with the Euro. Presented rate of Ethereum in a pair of Euro on the Forex market is displayed onlinp and is relevant at any time. The greatest number of traders earn on the day sessions. Long-term investing in an asset is risky enough action.
Statistics
Ethereum and Euro pair belongs to very volatile ones. The daily rate fluctuations are 10-15%. Once in 2-3 months, there is a sharp breakdown of the level, rise or fall of quotes by 20-25% at a daily sessionp Speaking about long-term growth moments, it is often the case of uninterrupted growth in the range of 5-10 days, which is also true for the fall of the quotes.
Factors that influence growth of quotes
The main factors influencing the growth of quotes are:- positive news, for example, some country, officially approved the possibility of trade in its territory, new functions are introduced to facilitate the exchange between people;
- mentioning in social networks, bloggers, as a consequence, an increase in demand for the coin;
- decrease in the rate of the European central bank.
Technical Analysis
The pair lends itself to technical analysis. In 3 of the 5 daily sessions, you can predict the breakdown of the level and try to profit from it. Recently, the crypto market has been changing. Fewer people are using vending machines and trying to make decisions on their own. Therefore, trading is becoming less predictable. The state of the global economy should be taken into account.
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