Ethereum (ETH)

Current price: $ 1,633.13

24 hours price change: $ -40.56 (-2.42%)

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 January 9th, 2023 to February 9th, 2023.

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 01/09/2023 and 02/09/2023.

According to the performance of Ethereum between January 9th, 2023 and February 9th, 2023, Ethereum performed the best on Saturdays. On average, the price of Ethereum increased 1.60% on Saturday.

The weekday on which the Ethereum performed the worst, is Friday. On Fridays, the Ethereum declined in value on average by -0.42%.

Ethereum weekday performance

On an average Sunday, the Ethereum increased 0.33%. However, since the expected deviation is 1.63%, the Ethereum will decline in value on a Sunday quiet regularly. The expected price change of the Ethereum on a Sunday is between -1.29% and 1.96%.

Ethereum increased in value on an average Monday only slightly. The average increase in value of the Ethereum was 0.29%. 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 (0.50%). This means that on 68 percent of the Mondays, the change in price of the Ethereum is expected to be in the range of -0.21% and 0.79%.

Ethereum increased in value on an average Tuesday only slightly. The average increase in value of the Ethereum was 0.00%. 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 (0.39%). This means that on 68 percent of the Tuesdays, the change in price of the Ethereum is expected to be in the range of -0.39% and 0.40%.

It is hard to tell whether the Ethereum will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Ethereum is -0.03%. However, the standard deviation on this weekday is 0.81%. This means that on most Wednesdays, the change in value of the Ethereum is between -0.84% and 0.78%.

The expected range of change of the Ethereum for an average Thursday is between 0.22% and 1.56%. This is the result of an average increase in value of 0.89% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

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 0.70%. This means that the expected change of the value of Ethereum is between -1.12% and 0.28% on 68 out of 100 Fridays.

On an average Saturday the Ethereum shows an increase in value of 1.60%. However, the change of Ethereum on most of the Saturdays is between -1.27% and 4.47%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Ethereums.

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% 1.63% -1.29% to 1.96%
Monday 0.29% 0.50% -0.21% to 0.79%
Tuesday 0.00% 0.39% -0.39% to 0.40%
Wednesday -0.03% 0.81% -0.84% to 0.78%
Thursday 0.89% 0.67% 0.22% to 1.56%
Friday -0.42% 0.70% -1.12% to 0.28%
Saturday 1.60% 2.87% -1.27% to 4.47%
 

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