Ethereum (ETH) is an open source software platform based on blockchain technology.


The EthereumTipsandGuide app offers a detailed explanation of currency and everything about how Ethereum worksIts price is against the US dollar
The digital currency showed slow progress in its first year. 2017 was a completely different story. The digital currency started the year at a low level of 7.76 dollars, and by the end of the year the Ethereum currency exceeded 700 dollars, an increase of more than 9000%! Unlike Bitcoin, which hit its all-time high in 2017, Ether carried some bullish momentum in early 2018, eventually peaking above $ 1,300 in mid-January.
Why did the price of Ethereum move so fast?

It is like any other currency market - however, as with many tools offered by Admiral Markets, there can be moments of high volatility, which of course increases the eagerness of traders. It is always recommended that traders use the Volatility Protection settings, as they can help reduce risk while trading. Traders are also encouraged to learn how to effectively manage risk, as implementing this in their trading interactions can be of great help in terms of reducing the risks involved in trades. You can speculate on this volatility by trading CFDs on cryptocurrencies such as Ethereum with Admiral Markets.
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Like other cryptocurrencies, Ethereum started 2020, up as much as the previous year. Although the price continued to rise until September, it started to drop from the annual peak since early in the month, as we can see from the chart below.
Download the EthereumTipsandGuide app from the store and enjoy learning more about this digital currency