Ethereum (ETH)

Current price: $ 2,806.12

24 hours price change: $ 147.50 (5.55%)

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 5th, 2021 to August 4th, 2021.

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 07/05/2021 and 08/04/2021.

According to the performance of Ethereum between July 5th, 2021 and August 4th, 2021, Ethereum performed the best on Tuesdays. On average, the price of Ethereum increased 1.27% on Tuesday.

The weekday on which the Ethereum performed the worst, is Wednesday. On Wednesdays, the Ethereum declined in value on average by -0.80%.

Ethereum weekday performance

On an average Sunday, the Ethereum increased 0.33%. However, since the expected deviation is 0.62%, the Ethereum will decline in value on a Sunday quiet regularly. The expected price change of the Ethereum on a Sunday is between -0.29% and 0.95%.

On an average Monday, the Ethereum increased 0.32%. However, since the expected deviation is 0.80%, the Ethereum will decline in value on a Monday quiet regularly. The expected price change of the Ethereum on a Monday is between -0.48% and 1.12%.

On an average Tuesday the Ethereum shows an increase in value of 1.27%. However, the change of Ethereum on most of the Tuesdays is between -0.49% and 3.04%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Ethereums.

On Wednesdays, the Ethereum decreases in value on average with -0.80%. On most of the Wednesdays the Ethereum decreases in value between -1.02% and -0.58%. The uncertainty (0.22%) is higher than the average decline percentage (-0.80%). Therefore, expected range of price changes of the Ethereum on Wednesdays is large.

Allthough the Ethereum decreases in value with -0.49% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum on Thursdays is 0.92%. This means that the expected change of the value of Ethereum is between -1.40% and 0.43% on 68 out of 100 Thursdays.

Allthough the Ethereum decreases in value with -0.42% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum on Fridays is 0.56%. This means that the expected change of the value of Ethereum is between -0.99% and 0.14% on 68 out of 100 Fridays.

Ethereum increased in value on an average Saturday only slightly. The average increase in value of the Ethereum was 0.26%. 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 (0.79%). This means that on 68 percent of the Saturdays, the change in price of the Ethereum is expected to be in the range of -0.53% and 1.05%.

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 0.33% 0.62% -0.29% to 0.95%
Monday 0.32% 0.80% -0.48% to 1.12%
Tuesday 1.27% 1.77% -0.49% to 3.04%
Wednesday -0.80% 0.22% -1.02% to -0.58%
Thursday -0.49% 0.92% -1.40% to 0.43%
Friday -0.42% 0.56% -0.99% to 0.14%
Saturday 0.26% 0.79% -0.53% to 1.05%
 

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