Ethereum (ETH)

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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 March 25th, 2024 to April 25th, 2024.

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 03/25/2024 and 04/25/2024.

According to the performance of Ethereum between March 25th, 2024 and April 25th, 2024, Ethereum performed the best on Sundays. On average, the price of Ethereum increased 0.98% on Sunday.

The weekday on which the Ethereum performed the worst, is Wednesday. On Wednesdays, the Ethereum declined in value on average by -0.50%.

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 0.98%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum on a Sunday is between -0.73% and 2.69% (see also the table below).

Historical performance on Monday 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 Monday with 0.79%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum on a Monday is between -0.79% and 2.37% (see also the table below).

It is hard to tell whether the Ethereum will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Ethereum is -0.02%. However, the standard deviation on this weekday is 0.04%. This means that on most Tuesdays, the change in value of the Ethereum is between -0.06% and 0.02%.

Allthough the Ethereum decreases in value with -0.50% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum on Wednesdays is 0.98%. This means that the expected change of the value of Ethereum is between -1.47% and 0.48% on 68 out of 100 Wednesdays.

On an average Thursday, the Ethereum increased 0.35%. However, since the expected deviation is 0.70%, the Ethereum will decline in value on a Thursday quiet regularly. The expected price change of the Ethereum on a Thursday is between -0.35% and 1.05%.

Allthough the Ethereum decreases in value with -0.35% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum on Fridays is 0.60%. This means that the expected change of the value of Ethereum is between -0.95% and 0.26% on 68 out of 100 Fridays.

It is hard to tell whether the Ethereum will increase or decrease in value on an average Saturday. The average change on a Saturday for the Ethereum is -0.03%. However, the standard deviation on this weekday is 0.05%. This means that on most Saturdays, the change in value of the Ethereum is between -0.08% and 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.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 0.98% 1.71% -0.73% to 2.69%
Monday 0.79% 1.58% -0.79% to 2.37%
Tuesday -0.02% 0.04% -0.06% to 0.02%
Wednesday -0.50% 0.98% -1.47% to 0.48%
Thursday 0.35% 0.70% -0.35% to 1.05%
Friday -0.35% 0.60% -0.95% to 0.26%
Saturday -0.03% 0.05% -0.08% to 0.02%
 

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