Ethereum (ETH)

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Daily analysis of Ethereum (ETH) - 1 year

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 year, starting on May 20th, 2023 to May 17th, 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 05/20/2023 and 05/17/2024.

According to the performance of Ethereum between May 20th, 2023 and May 17th, 2024, Ethereum performed the best on Wednesdays. On average, the price of Ethereum increased 0.25% on Wednesday.

The weekday on which the Ethereum performed the worst, is Tuesday. On Tuesdays, the Ethereum declined in value on average by -0.18%.

Ethereum weekday performance

Ethereum increased in value on an average Sunday only slightly. The average increase in value of the Ethereum was 0.06%. 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 (0.62%). This means that on 68 percent of the Sundays, the change in price of the Ethereum is expected to be in the range of -0.57% and 0.68%.

Ethereum increased in value on an average Monday only slightly. The average increase in value of the Ethereum was 0.02%. 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 (0.83%). This means that on 68 percent of the Mondays, the change in price of the Ethereum is expected to be in the range of -0.81% and 0.84%.

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 -0.18%. However, the standard deviation on this weekday is 1.00%. This means that on most Tuesdays, the change in value of the Ethereum is between -1.19% and 0.82%.

Ethereum increased in value on an average Wednesday only slightly. The average increase in value of the Ethereum was 0.25%. 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 (1.30%). This means that on 68 percent of the Wednesdays, the change in price of the Ethereum is expected to be in the range of -1.05% and 1.55%.

Ethereum increased in value on an average Thursday only slightly. The average increase in value of the Ethereum was 0.13%. 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 (0.71%). This means that on 68 percent of the Thursdays, the change in price of the Ethereum is expected to be in the range of -0.58% and 0.84%.

Ethereum increased in value on an average Friday only slightly. The average increase in value of the Ethereum was 0.00%. 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 (0.53%). This means that on 68 percent of the Fridays, the change in price of the Ethereum is expected to be in the range of -0.53% and 0.54%.

Ethereum increased in value on an average Saturday only slightly. The average increase in value of the Ethereum was 0.06%. 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 (0.60%). This means that on 68 percent of the Saturdays, the change in price of the Ethereum is expected to be in the range of -0.53% and 0.66%.

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 0.06% 0.62% -0.57% to 0.68%
Monday 0.02% 0.83% -0.81% to 0.84%
Tuesday -0.18% 1.00% -1.19% to 0.82%
Wednesday 0.25% 1.30% -1.05% to 1.55%
Thursday 0.13% 0.71% -0.58% to 0.84%
Friday 0.00% 0.53% -0.53% to 0.54%
Saturday 0.06% 0.60% -0.53% to 0.66%
 

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