The ETH/AUD trading pair has attracted a lot of investor interest today. The price of Ethereum has fallen by almost 14% in the past 7 days, but it has increased by 7% in the last 24 hours.
In just the past hour, the price rose by almost 0.1%. However, Ethereum is still almost 45% below its all-time high. Is it time to buy the dip before it’s too late?
This article attempts to answer this question and shares the top places to buy Ethereum, the second-biggest crypto by market cap.
Top places to buy Ethereum now
Binance
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
eToro
eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.
Why Ethereum AUD?
Ethereum is trading up against a number of major fiat currencies today, including the USD and EUR, but especially the AUD. The ETH/AUD pair matches ether, one of the most popular and widely accepted cryptocurrencies, and the Australian dollar, one of the strongest fiat currencies.
Created almost a decade ago, Ethereum is a famous blockchain that is used for developing decentralised applications. It is the pioneering network for blockchain-based smart contracts. Despite its prolonged existence, Ethereum remains volatile with serious potential for speculation.
Ethereum is very interesting to professional traders, who believe the price of ETH is suitable for large-volume exchange transactions.
The Australian dollar, on the other hand, is one of the most important fiat currencies in the world. On the global forex market, it’s the fifth most traded currency. Interest rates in Australia are relatively high and the market is comparatively free from government intervention.
This makes AUD quite popular among traders. It also offers diversification advantages for any investment portfolio. The ETH/USD pair’s unique properties make it among the most popular crypto-to-fiat currency pairs in the market.
Should I buy Ethereum today?
The volume of ETH to AUD transactions is increasing, providing traders with substantial opportunities. Those interested in this trading pair should watch for news releases by the Reserve Bank of Australia regarding interest rates and monetary policy changes.
Ethereum can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account.
Ethereum price prediction
Digital Coin Price forecasts Ethereum will break $4,000 by the end of 2025. It might go up to $4,448 by the end of that year, equivalent to AUD 6,125.
Economy Watch is also bullish on Ethereum. They predict 1 ETH will trade for $10,000 by the end of 2025, equivalent to AUD 13,771 at the current exchange rate.
Trading Education also predicts Ethereum could pass $10,000 by the end of 2025. It might even reach $10,763 by the end of that year.
Ethereum on social media
Levels you have to look for #ETH
Baerish retest or can we continue the Bullmarket ? pic.twitter.com/FNABA61Acn— San4o (@cryptosan4o) February 23, 2022
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