Trade ETHW/USD
EthereumPoW / US Dollar
EthereumPoW is the continuation of the original Ethereum Proof of Work chain maintained by miners who opposed the Merge transition to Proof of Stake in September 2022.
Specifications
About EthereumPoW (ETHW/USD)
When Ethereum executed the Merge on September 15, 2022, switching from Proof of Work to Proof of Stake, a coalition of miners and supporters forked the chain to preserve the original PoW consensus, creating EthereumPoW. All pre-Merge Ethereum holders received ETHW tokens at a 1:1 ratio as the chain diverged. EthereumPoW maintains an EVM-compatible chain with full Ethereum smart contract compatibility, allowing existing Ethereum dApps to be deployed with minimal changes. The chain targets miners who wished to continue GPU mining on an Ethereum-compatible network after the original chain eliminated mining. ETHW's utility is primarily speculative and contingent on ecosystem development, as the majority of the Ethereum developer and DeFi community remained on the Proof of Stake chain after the Merge. ETHW/USD on StoicFX is a CFD, no ETHW tokens are purchased or held on your behalf.
Key Price Drivers
- Mining community support and hash rate trends relative to competing GPU-mineable chains
- New DeFi protocol deployments, exchange integrations, and developer activity on the ETHW chain
- Ethereum PoS criticism and GPU miner advocacy producing short-term ETHW interest
- Diminishing trading interest in post-fork tokens as communities consolidate on dominant chains
Peak Trading Hours
Layer 1 blockchain tokens trade around the clock as CFDs on StoicFX MT5. Volume typically follows the US and European equity sessions, when most institutional and retail crypto trading takes place.
US and European business hours (13:00-21:00 UTC)
Network upgrades, governance votes, and validator-related events can move L1 token prices at any hour. Available on MT5 from Monday 00:00 to Friday 23:59 UTC.
How to Trade ETHWUSD on StoicFX
Open an Account
Register for a live or demo account in minutes.
Fund Your Account
Deposit via bank transfer, card, crypto, or e-wallet.
Find ETHWUSD in MT5
Open MetaTrader 5, search for ETHWUSD in Market Watch, and add it to your chart.
Place Your Trade
Set your lot size, stop loss, and take profit, then execute your order.
FAQ
What was the Ethereum Merge and why did some miners fork the chain?
The Ethereum Merge was the transition from Ethereum's original Proof of Work consensus, where miners competed to add blocks by solving computational puzzles, to Proof of Stake, where validators bond ETH as collateral to produce blocks. The switch eliminated ETH mining overnight, rendering billions of dollars of GPU mining hardware economically unviable for Ethereum. Miners who had invested in large GPU farms stood to lose their primary revenue stream. A subset of the mining community and some ecosystem participants forked Ethereum at the Merge block to preserve the PoW chain, creating EthereumPoW.
How did existing ETH holders receive ETHW?
Because EthereumPoW forked from Ethereum at a specific block, every address that held ETH at the fork block also held an equivalent balance in ETHW on the new chain. This airdrop mechanism is standard for blockchain forks and is how holders also received ETC during the Ethereum/Ethereum Classic split in 2016. Claiming ETHW required accessing the private key associated with the Ethereum address using a wallet or tool that supported the EthereumPoW chain's network parameters.
What differentiates ETHW from Ethereum Classic (ETC)?
Ethereum Classic is the original Ethereum chain that preserved PoW after the 2016 DAO hack response fork, operating for years and building its own ecosystem and miner community. EthereumPoW is a newer fork from 2022 with a different team, different chain ID, and different governance philosophy. Both compete for GPU miners and the Ethereum PoW miner narrative, but ETC has a longer track record, higher liquidity, and a more established ecosystem, while ETHW has a more recently unified EVM state from the Merge fork point.
If I trade ETHW/USD on StoicFX, do I hold any ETHW tokens?
No. ETHW/USD on StoicFX is a Contract for Difference. You trade ETHW's price against the US dollar without holding any tokens. To use the EthereumPoW network, interact with ETHW dApps, or mine ETHW, you would need actual ETHW tokens in an EthereumPoW-compatible wallet.
Start Trading ETHW/USD
Open a live account or practice risk-free on demo.
CFDs are complex instruments and carry a high risk of rapid capital loss due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.