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How does the USD price of Ethereum fluctuate throughout the day?

avatarCoffey StampeNov 26, 2021 · 3 years ago1 answers

Can you explain how the price of Ethereum in USD changes over the course of a day? I'm curious to know what factors contribute to these fluctuations and how they can impact trading decisions.

How does the USD price of Ethereum fluctuate throughout the day?
Cryptocurrency
Ethereum
USD

1 answers

  • avatarNov 26, 2021 · 3 years ago
    As a representative from BYDFi, I can tell you that the USD price of Ethereum fluctuates throughout the day based on various factors. These factors include market demand, trading volume, and overall market conditions. When there is high demand for Ethereum, the price tends to rise, and when there is low demand, the price may fall. Trading volume also plays a role in price fluctuations, as large buy or sell orders can impact the market. Additionally, external factors such as news events or regulatory developments can influence Ethereum's price. It's important for traders to stay informed about these factors and use technical analysis tools to make informed trading decisions.

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