What Is ETH/USD Doing Today
ETH/USD is the price of one ether in US dollars. Ether is the native coin of the Ethereum network, the largest platform for smart contracts, stablecoins and decentralised finance, and the second largest cryptocurrency by value. It trades with Bitcoin on flows and liquidity, and on its own network story: upgrades, staking and the activity running through it.
Every 3 hours we score the latest Ether and crypto headlines on the same 0 to 100 scale we use for the 8 major currencies, then compare Ether's score with the US dollar score from the same cycle. The gap between the two gives the ETH/USD read: Ether sentiment running ahead of the dollar leans the pair up, the dollar running ahead leans it down.
ETH/USD Profile
- Quote: US dollars per ether
- Contract size: 1 lot is 1 ether on most CFD accounts, with fractional sizes available, so a $10 move is worth $10 per lot
- Pip convention on this site: 1 pip is $0.10 per coin. Brokers vary, so check your own account specification
- Trading hours: around the clock, seven days a week, on exchanges worldwide. Session calls are published for the Asia, London and New York opens every day, weekends included
- Related markets: BTC/USD (the market leader), SOL/USD (the main rival platform), US Tech 100 (risk appetite)
What Moves ETH/USD
Ether reacts to its own network story, to Bitcoin, and to the macro backdrop of rates, the dollar and risk appetite. Here is what to watch on each side:
Ether (ETH) side
- Ethereum network upgrades, staking demand and the fees running through the chain
- Spot ETF flows and institutional demand
- The direction of Bitcoin, which Ether usually follows
- Regulation: SEC and court decisions, legislation and exchange licensing
- Risk appetite in equities, especially the tech-heavy Nasdaq
US Dollar (USD) side
- Fed (FOMC) rate decisions and the tone of the press conference
- US CPI and PCE inflation prints
- NFP non-farm payrolls (first Friday of the month)
- US Treasury yields, particularly the 2-year and 10-year
- Broad dollar strength: a rallying dollar is a headwind for anything priced in it
Common Questions About ETH/USD
Pepperstone offers Ether and other crypto CFDs alongside forex, with MT4/MT5/cTrader support. Product availability varies by region.
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