What time of day is the most active trading session for Ethereum?
Putzeys MilaNov 27, 2021 · 3 years ago3 answers
Can you provide insights on the most active trading session for Ethereum? I'm curious to know at what time of day Ethereum experiences the highest trading volume and activity. Understanding the peak trading hours can help me make better decisions when it comes to buying or selling Ethereum. Please share your expertise!
3 answers
- Nov 27, 2021 · 3 years agoThe most active trading session for Ethereum typically occurs during the Asian trading hours, specifically between 8:00 AM and 4:00 PM UTC. During this time, there is a significant overlap between the trading hours of major Asian markets, such as Japan and South Korea. These markets have a strong presence in the cryptocurrency space and contribute to the high trading volume. It's important to note that while the Asian trading session is the most active, Ethereum experiences trading activity throughout the day due to its global nature.
- Nov 27, 2021 · 3 years agoBased on my experience, the most active trading session for Ethereum is usually during the early morning hours (around 2:00 AM to 6:00 AM UTC). This is when traders from the United States and Europe are actively participating in the market. However, it's important to keep in mind that the cryptocurrency market is highly volatile and can experience sudden surges in trading activity at any time of the day. Therefore, it's recommended to closely monitor the market and adapt your trading strategy accordingly.
- Nov 27, 2021 · 3 years agoAccording to data from BYDFi, the most active trading session for Ethereum is typically during the Asian trading hours, specifically between 8:00 AM and 4:00 PM UTC. During this time, there is a higher concentration of traders from Asia, which contributes to the increased trading volume. However, it's worth noting that Ethereum experiences trading activity throughout the day, and there may be other periods of heightened activity depending on market conditions and news events.
Related Tags
Hot Questions
- 97
Are there any special tax rules for crypto investors?
- 92
What are the tax implications of using cryptocurrency?
- 82
What are the best practices for reporting cryptocurrency on my taxes?
- 77
What is the future of blockchain technology?
- 69
How can I minimize my tax liability when dealing with cryptocurrencies?
- 37
How can I buy Bitcoin with a credit card?
- 28
What are the best digital currencies to invest in right now?
- 26
What are the advantages of using cryptocurrency for online transactions?