Ethereum (ETH)

Current price: $ 144.91

24 hours price change: $ -1.50 (-1.02%)

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 20th, 2019 to February 18th, 2019.

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 01/20/2019 and 02/18/2019.

According to the performance of Ethereum between January 20th, 2019 and February 18th, 2019, Ethereum performed the best on Fridays. On average, the price of Ethereum increased 3.76% on Friday.

The weekday on which the Ethereum performed the worst, is Thursday. On Thursdays, the Ethereum declined in value on average by -0.67%.

Ethereum weekday performance

Historical performance on Sunday 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 Sunday with 0.80%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum on a Sunday is between -4.31% and 5.91% (see also the table below).

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 -0.17%. However, the standard deviation on this weekday is 5.00%. This means that on most Mondays, the change in value of the Ethereum is between -5.17% and 4.83%.

Ethereum increased in value on an average Tuesday only slightly. The average increase in value of the Ethereum was 0.08%. 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 (1.49%). This means that on 68 percent of the Tuesdays, the change in price of the Ethereum is expected to be in the range of -1.42% and 1.57%.

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 2.01%. This means that on most Wednesdays, the change in value of the Ethereum is between -2.04% and 1.98%.

On Thursdays, the Ethereum decreases in value on average with -0.67%. On most of the Thursdays the Ethereum decreases in value between -1.07% and -0.27%. The uncertainty (0.40%) is higher than the average decline percentage (-0.67%). Therefore, expected range of price changes of the Ethereum on Thursdays is large.

The increase in value of the Ethereum is 3.76% on an average Friday. However, the uncertainty on the average change is high for the Ethereum on Fridays. This is the reason why an expected increase of the Ethereum on an average Friday cannot be predicted. The standard deviation for Ethereum on Fridays is high, namely 6.45%. This means that the expected range of value change for the Ethereum is -2.69% and 10.21% on 68% of the Fridays.

On an average Saturday the Ethereum shows a high increase in value, namely 1.08%. The standard deviation is below the average increase percentage (standard deviation is 1.06%), meaning that on 68% of the Saturdays the Ethereum will increase with a percentage between 0.02% and 2.13%. This also means that, on average, on 16 percent of the Saturdays, the Ethereum will increase with a percentage above this range. On the other 16% of the Saturdays, the Ethereum will change with a percentage below the 0.02%.

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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday0.80%5.11%-4.31% to 5.91%
Monday-0.17%5.00%-5.17% to 4.83%
Tuesday0.08%1.49%-1.42% to 1.57%
Wednesday-0.03%2.01%-2.04% to 1.98%
Thursday-0.67%0.40%-1.07% to -0.27%
Friday3.76%6.45%-2.69% to 10.21%
Saturday1.08%1.06%0.02% to 2.13%