Ethereum (ETH)

Current price: $ 2,373.14

24 hours price change: $ -86.38 (-3.51%)

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 March 17th, 2021 to April 16th, 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 03/17/2021 and 04/16/2021.

According to the performance of Ethereum between March 17th, 2021 and April 16th, 2021, Ethereum performed the best on Fridays. On average, the price of Ethereum increased 1.41% on Friday.

The weekday on which the Ethereum performed the worst, is Wednesday. On Wednesdays, the Ethereum declined in value on average by -1.75%.

Ethereum weekday performance

It is hard to tell whether the Ethereum will increase or decrease in value on an average Sunday. The average change on a Sunday for the Ethereum is -0.08%. However, the standard deviation on this weekday is 0.82%. This means that on most Sundays, the change in value of the Ethereum is between -0.90% and 0.74%.

It is hard to tell whether the Ethereum will increase or decrease in value on an average Monday. The average change on a Monday for the Ethereum is -0.24%. However, the standard deviation on this weekday is 0.35%. This means that on most Mondays, the change in value of the Ethereum is between -0.59% and 0.11%.

On an average Tuesday, the Ethereum increased 0.40%. However, since the expected deviation is 0.49%, the Ethereum will decline in value on a Tuesday quiet regularly. The expected price change of the Ethereum on a Tuesday is between -0.09% and 0.90%.

The Ethereum declines in value on an average Wednesday with -1.75%. However, the uncertainty (or standard deviation) is quite large, namely 2.78%. This means that it is not possible to say whether on a regular Wednesday the Ethereum will increase or decrease in value.

The Ethereum will almost not change or only slightly increase in value on an average Thursday. The average change of the Ethereum on Thursdays is 0.24%. The standard deviation of the Ethereum is 0.17%, which means that in 68% of the Thursdays, the range of the change of the Ethereum is 0.07% and 0.41%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

On an average Friday the Ethereum shows an increase in value of 1.41%. However, the change of Ethereum on most of the Fridays is between -1.54% and 4.37%. Therefore it is hard to tell whether an average Friday is a good day to start buying Ethereums.

Historical performance on Saturday do not show an increase in value of the Ethereum on which a prediction can be made. The Ethereum increased in value on average on an average Saturday with 0.87%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum on a Saturday is between -0.67% and 2.41% (see also the table below).

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 -0.08% 0.82% -0.90% to 0.74%
Monday -0.24% 0.35% -0.59% to 0.11%
Tuesday 0.40% 0.49% -0.09% to 0.90%
Wednesday -1.75% 2.78% -4.53% to 1.03%
Thursday 0.24% 0.17% 0.07% to 0.41%
Friday 1.41% 2.95% -1.54% to 4.37%
Saturday 0.87% 1.54% -0.67% to 2.41%
 

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