Ethereum (ETH)

Current price: $ 207.68

24 hours price change: $ -6.18 (-2.89%)

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 August 19th, 2019 to September 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 08/19/2019 and 09/18/2019.

According to the performance of Ethereum between August 19th, 2019 and September 18th, 2019, Ethereum performed the best on Mondays. On average, the price of Ethereum increased 0.76% on Monday.

The weekday on which the Ethereum performed the worst, is Friday. On Fridays, the Ethereum declined in value on average by -0.43%.

Ethereum weekday performance

The average increase of the Ethereum on an average Sunday is 0.45%. This is a small increase, however, the expected change of the Ethereum in 95% of the Sundays is -0.15% and 1.04%. This means that only on 2.5% (or slightly over 1 Sunday per year) the expected change of the Ethereum is below -0.15%. On the other hand, you would not have to expect that the change on a single Sunday will be above 1.04%. 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 0.15% and 0.74%.

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 0.76%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum on a Monday is between -0.78% and 2.30% (see also the table below).

Ethereum increased in value on an average Tuesday only slightly. The average increase in value of the Ethereum was 0.20%. 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 Tuesdays, the change in price of the Ethereum is expected to be in the range of -0.37% and 0.76%.

Ethereum increased in value on an average Wednesday only slightly. The average increase in value of the Ethereum was 0.16%. 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 (0.65%). This means that on 68 percent of the Wednesdays, the change in price of the Ethereum is expected to be in the range of -0.49% and 0.81%.

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 -0.13%. However, the standard deviation on this weekday is 0.24%. This means that on most Thursdays, the change in value of the Ethereum is between -0.37% and 0.11%.

Allthough the Ethereum decreases in value with -0.43% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum on Fridays is 0.34%. This means that the expected change of the value of Ethereum is between -0.77% and -0.09% 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 -0.11%. However, the standard deviation on this weekday is 0.35%. This means that on most Saturdays, the change in value of the Ethereum is between -0.46% and 0.24%.

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 0.45% 0.30% 0.15% to 0.74%
Monday 0.76% 1.54% -0.78% to 2.30%
Tuesday 0.20% 0.57% -0.37% to 0.76%
Wednesday 0.16% 0.65% -0.49% to 0.81%
Thursday -0.13% 0.24% -0.37% to 0.11%
Friday -0.43% 0.34% -0.77% to -0.09%
Saturday -0.11% 0.35% -0.46% to 0.24%