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Ethereum is a blockchain platform that supports smart contracts and decentralized applications, powering use cases such as decentralized finance (DeFi), NFTs and other blockchain-based services, in addition to Ether being traded as a digital asset.
While Bitcoin was primarily designed as a digital store of value and payment network, Ethereum was built as a broader platform supporting smart contracts and decentralized applications, giving Ether additional utility-driven demand.
Ethereum protocol upgrades, transaction fees and network activity, and growth in applications built on the network can all influence sentiment and demand for Ether alongside broader crypto market trends.
Log in to your Pairmetric MetaTrader 5 account, search for ETHUSD in Market Watch, and place a buy or sell order.
Ethereum's notable price volatility can appeal to short-term traders looking for movement, though it also carries higher risk that should be carefully managed.