Ethereum (ETH)

Current price: $ 1,312.22

24 hours price change: $ 1,312.22 (inf%)

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 December 24th, 2020 to January 21st, 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 12/24/2020 and 01/21/2021.

According to the performance of Ethereum between December 24th, 2020 and January 21st, 2021, Ethereum performed the best on Tuesdays. On average, the price of Ethereum increased 3.03% on Tuesday.

The weekday on which the Ethereum performed the worst, is Friday. On Fridays, the Ethereum declined in value on average by -1.78%.

Ethereum weekday performance

The average increase of the Ethereum on an average Sunday is 0.33%. This is a small increase, however, the expected change of the Ethereum in 95% of the Sundays is -0.16% and 0.83%. This means that only on 2.5% (or slightly over 1 Sunday per year) the expected change of the Ethereum is below -0.16%. On the other hand, you would not have to expect that the change on a single Sunday will be above 0.83%. This will also only happen on 2.5% of the Sundays. On 68% of the Sundays, the increase of the Ethereum will be in the range of 0.09% and 0.58%.

On an average Monday, the Ethereum increased 0.45%. However, since the expected deviation is 2.35%, the Ethereum will decline in value on a Monday quiet regularly. The expected price change of the Ethereum on a Monday is between -1.90% and 2.80%.

The increase in value of the Ethereum is 3.03% on an average Tuesday. However, the uncertainty on the average change is high for the Ethereum on Tuesdays. This is the reason why an expected increase of the Ethereum on an average Tuesday cannot be predicted. The standard deviation for Ethereum on Tuesdays is high, namely 4.71%. This means that the expected range of value change for the Ethereum is -1.68% and 7.74% on 68% of the Tuesdays.

Ethereum increased in value on an average Wednesday 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 (2.54%). This means that on 68 percent of the Wednesdays, the change in price of the Ethereum is expected to be in the range of -2.46% and 2.62%.

Historical performance on Thursday 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 Thursday with 0.75%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum on a Thursday is between -1.24% and 2.74% (see also the table below).

The Ethereum declines in value on an average Friday with -1.78%. However, the uncertainty (or standard deviation) is quite large, namely 1.96%. This means that it is not possible to say whether on a regular Friday the Ethereum will increase or decrease in value.

Ethereum increased in value on an average Saturday only slightly. The average increase in value of the Ethereum was 0.14%. 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 (1.10%). This means that on 68 percent of the Saturdays, the change in price of the Ethereum is expected to be in the range of -0.96% and 1.25%.

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% 0.25% 0.09% to 0.58%
Monday 0.45% 2.35% -1.90% to 2.80%
Tuesday 3.03% 4.71% -1.68% to 7.74%
Wednesday 0.08% 2.54% -2.46% to 2.62%
Thursday 0.75% 1.99% -1.24% to 2.74%
Friday -1.78% 1.96% -3.74% to 0.17%
Saturday 0.14% 1.10% -0.96% to 1.25%
 

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