Ethereum (ETH)

Current price: $ 398.00

24 hours price change: $ 11.23 (2.90%)

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, 2020 to August 4th, 2020.

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 07/05/2020 and 08/04/2020.

According to the performance of Ethereum between July 5th, 2020 and August 4th, 2020, Ethereum performed the best on Tuesdays. On average, the price of Ethereum increased 0.82% on Tuesday.

The weekday on which the Ethereum performed the worst, is Wednesday. On Wednesdays, the Ethereum declined in value on average by -0.26%.

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 -0.18%. However, the standard deviation on this weekday is 0.60%. This means that on most Sundays, the change in value of the Ethereum is between -0.78% and 0.42%.

Ethereum increased in value on an average Monday only slightly. The average increase in value of the Ethereum was 0.27%. 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 (0.59%). This means that on 68 percent of the Mondays, the change in price of the Ethereum is expected to be in the range of -0.32% and 0.87%.

Historical performance on Tuesday 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 Tuesday with 0.82%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum on a Tuesday is between -0.27% and 1.91% (see also the table below).

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 -0.26%. However, the standard deviation on this weekday is 0.23%. This means that on most Wednesdays, the change in value of the Ethereum is between -0.50% and -0.03%.

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 -0.02%. However, the standard deviation on this weekday is 0.27%. This means that on most Thursdays, the change in value of the Ethereum is between -0.28% and 0.25%.

It is hard to tell whether the Ethereum will increase or decrease in value on an average Friday. The average change on a Friday for the Ethereum is -0.26%. However, the standard deviation on this weekday is 0.12%. This means that on most Fridays, the change in value of the Ethereum is between -0.38% and -0.14%.

Ethereum increased in value on an average Saturday only slightly. The average increase in value of the Ethereum was 0.07%. 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 (0.57%). This means that on 68 percent of the Saturdays, the change in price of the Ethereum is expected to be in the range of -0.50% 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 -0.18% 0.60% -0.78% to 0.42%
Monday 0.27% 0.59% -0.32% to 0.87%
Tuesday 0.82% 1.09% -0.27% to 1.91%
Wednesday -0.26% 0.23% -0.50% to -0.03%
Thursday -0.02% 0.27% -0.28% to 0.25%
Friday -0.26% 0.12% -0.38% to -0.14%
Saturday 0.07% 0.57% -0.50% to 0.64%
 

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