How does the after-hours trading affect the price of Ethereum?
Michel N'choDec 24, 2021 · 3 years ago1 answers
Can you explain how after-hours trading impacts the price of Ethereum? I'm curious to know how trading outside of regular market hours affects the overall value of this cryptocurrency.
1 answers
- Dec 24, 2021 · 3 years agoAs an expert in the field, I can tell you that after-hours trading does affect the price of Ethereum. At BYDFi, we've observed that after-hours trading can sometimes lead to price gaps or sudden movements when the market opens. This is because the trading volume is lower during these hours, which means that even a small buy or sell order can have a larger impact on the price. However, it's important to note that after-hours trading is just one factor among many that can influence the price of Ethereum. Other factors, such as market sentiment, news, and overall market conditions, also play a significant role in determining the price of this cryptocurrency.
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