Ethereum (ETH)

Current price: $ 247.08

24 hours price change: $ 11.90 (5.06%)

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 April 24th, 2019 to May 22nd, 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 04/24/2019 and 05/22/2019.

According to the performance of Ethereum between April 24th, 2019 and May 22nd, 2019, Ethereum performed the best on Tuesdays. On average, the price of Ethereum increased 3.53% on Tuesday.

The weekday on which the Ethereum performed the worst, is Friday. On Fridays, the Ethereum declined in value on average by -0.10%.

Ethereum weekday performance

On an average Sunday the Ethereum shows an increase in value of 2.22%. However, the change of Ethereum on most of the Sundays is between -3.33% and 7.78%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Ethereums.

On an average Monday the Ethereum shows an increase in value of 1.66%. However, the change of Ethereum on most of the Mondays is between -2.17% and 5.48%. Therefore it is hard to tell whether an average Monday is a good day to start buying Ethereums.

The increase in value of the Ethereum is 3.53% 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 4.90%. This means that the expected range of value change for the Ethereum is -1.37% and 8.43% on 68% of the Tuesdays.

On an average Wednesday the Ethereum shows an increase in value of 1.55%. However, the change of Ethereum on most of the Wednesdays is between -5.04% and 8.13%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Ethereums.

Ethereum increased in value on an average Thursday only slightly. The average increase in value of the Ethereum was 0.03%. 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 (5.17%). This means that on 68 percent of the Thursdays, the change in price of the Ethereum is expected to be in the range of -5.14% and 5.19%.

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 -0.10%. However, the standard deviation on this weekday is 4.14%. This means that on most Fridays, the change in value of the Ethereum is between -4.24% and 4.04%.

On an average Saturday the Ethereum shows an increase in value of 1.47%. However, the change of Ethereum on most of the Saturdays is between -4.37% and 7.31%. 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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday2.22%5.55%-3.33% to 7.78%
Monday1.66%3.82%-2.17% to 5.48%
Tuesday3.53%4.90%-1.37% to 8.43%
Wednesday1.55%6.58%-5.04% to 8.13%
Thursday0.03%5.17%-5.14% to 5.19%
Friday-0.10%4.14%-4.24% to 4.04%
Saturday1.47%5.84%-4.37% to 7.31%