Ethereum (ETH)

Current price: $ 1,908.86

24 hours price change: $ -75.86 (-3.82%)

Daily analysis of Ethereum (ETH) - 1 month

The performance of Ethereum regarding the price differs every day. To make the best decision to buy Ethereum, we are analysis in this article the performance of Ethereum on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on July 15th, 2022 to August 15th, 2022.

In the barchart below, the weekdays and average performance of Ethereum are shown side by side.

Average daily change in price of Ethereum per weekday between 07/15/2022 and 08/15/2022.

According to the performance of Ethereum between July 15th, 2022 and August 15th, 2022, Ethereum performed the best on Sundays. On average, the price of Ethereum increased 0.64% on Sunday.

The weekday on which the Ethereum performed the worst, is Wednesday. On Wednesdays, the Ethereum declined in value on average by -1.02%.

Ethereum weekday performance

The expected range of change of the Ethereum for an average Sunday is between 0.26% and 1.03%. This is the result of an average increase in value of 0.64% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

Ethereum increased in value on an average Monday only slightly. The average increase in value of the Ethereum was 0.03%. Allthough the Ethereum closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.11%). This means that on 68 percent of the Mondays, the change in price of the Ethereum is expected to be in the range of -1.08% and 1.15%.

Allthough the Ethereum decreases in value with -0.54% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum on Tuesdays is 0.79%. This means that the expected change of the value of Ethereum is between -1.34% and 0.25% on 68 out of 100 Tuesdays.

The Ethereum declines in value on an average Wednesday with -1.02%. However, the uncertainty (or standard deviation) is quite large, namely 0.31%. This means that it is not possible to say whether on a regular Wednesday the Ethereum will increase or decrease in value.

It is hard to tell whether the Ethereum will increase or decrease in value on an average Thursday. The average change on a Thursday for the Ethereum is -0.09%. However, the standard deviation on this weekday is 0.67%. This means that on most Thursdays, the change in value of the Ethereum is between -0.76% and 0.57%.

Ethereum increased in value on an average Friday only slightly. The average increase in value of the Ethereum was 0.02%. Allthough the Ethereum closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.52%). This means that on 68 percent of the Fridays, the change in price of the Ethereum is expected to be in the range of -0.51% and 0.54%.

It is hard to tell whether the Ethereum will increase or decrease in value on an average Saturday. The average change on a Saturday for the Ethereum is -0.02%. However, the standard deviation on this weekday is 0.66%. This means that on most Saturdays, the change in value of the Ethereum is between -0.68% and 0.64%.

Ethereum weekday performance details

Find below the details of the performance of Ethereum per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 0.64% 0.38% 0.26% to 1.03%
Monday 0.03% 1.11% -1.08% to 1.15%
Tuesday -0.54% 0.79% -1.34% to 0.25%
Wednesday -1.02% 0.31% -1.33% to -0.71%
Thursday -0.09% 0.67% -0.76% to 0.57%
Friday 0.02% 0.52% -0.51% to 0.54%
Saturday -0.02% 0.66% -0.68% to 0.64%
 

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