|R 4,646,665,098,543.80||R 407,130,643,270.06|
Ethereum Live Price Data in South African Rands | (Ethereum in ZAR)Ethereum current price is R 38,781.35 with a marketcap of R 4,646,665,098,543.80. Its price is -10.79% down in last 24 hours. If you would like to know where to buy Ethereum, the leading cryptocurrencies exchange in South Africa for trading in Cryptocurrencies are VARL, Luno and Binance
Should I buy Ethereum at R 38,781.35?
Considering the -10.79% down change over the last 24 hours, you may be wondering whether or not to buy Ethereum. If you want to buy Ethereum, it is important to first check the Fear and Greed Index below. If the index is on red that’s signaling a buying opportunity. When its on green that is signal to take profit or stay away.
Fear and Greed Index
The crypto market behavior is emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. The Fear and Greed Index, tries to save you from your own emotional overreactions. Using two simple assumptions:
- Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
- When Investors are getting too greedy, that means the market is due for a correction.
Therefore, alternative.me analyzes the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to 100. Zero means “Extreme Fear”, while 100 means “Extreme Greed”. See below for further information on our data sources.
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