OPINION: 2023 will not be an easy year to trade. If you're going to attempt it anyway, here are a few tips that might help you with Ether.
), which is traded by a lot of institutional and hedge fund money that is tied to interest rates and traditional financial markets. ETH currently holds a 0.9 correlation with Bitcoin.
Fundamental blockchain indicators, however, can strongly point toward medium-term appreciation, perhaps over one to three years. Based on these indicators, Ethereum is a very powerful blockchain with a thriving ecosystem set for growth.Like other cryptocurrencies, ETH has specific months where it performs well, and others where it performs poorly. It performs the worst in September, June and March, meaning those may be good times to become a buyer.
A popular and research-backed means to trade Ether is dollar-cost-averaging , a technique first popularized by Benjamin Graham and applied to the equity market. At the very least, DCA can help you to avoid the volatility of the cryptocurrency markets with investment spread out across time. Holding on to your investment is as important as making profits, a fact often missed in an industry often overtaken with hype and profits.withdraw staked ETH
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