Ethereum (ETH)

Current price: $ 1,784.96

24 hours price change: $ 56.66 (3.28%)

Daily analysis of Ethereum (ETH) - 6 months

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 6 months, starting on November 29th, 2021 to May 29th, 2022.

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 11/29/2021 and 05/29/2022.

According to the performance of Ethereum between November 29th, 2021 and May 29th, 2022, Ethereum performed the best on Thursdays. On average, the price of Ethereum increased 0.51% on Thursday.

The weekday on which the Ethereum performed the worst, is Monday. On Mondays, the Ethereum declined in value on average by -0.30%.

Ethereum weekday performance

It is hard to tell whether the Ethereum will increase or decrease in value on an average Sunday. The average change on a Sunday for the Ethereum is -0.09%. However, the standard deviation on this weekday is 0.56%. This means that on most Sundays, the change in value of the Ethereum is between -0.65% and 0.47%.

Allthough the Ethereum decreases in value with -0.30% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum on Mondays is 0.80%. This means that the expected change of the value of Ethereum is between -1.10% and 0.49% on 68 out of 100 Mondays.

Ethereum increased in value on an average Tuesday only slightly. The average increase in value of the Ethereum was 0.17%. 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 Tuesdays, the change in price of the Ethereum is expected to be in the range of -0.43% and 0.78%.

Ethereum increased in value on an average Wednesday only slightly. The average increase in value of the Ethereum was 0.27%. 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 (1.35%). This means that on 68 percent of the Wednesdays, the change in price of the Ethereum is expected to be in the range of -1.09% and 1.62%.

On an average Thursday, the Ethereum increased 0.51%. However, since the expected deviation is 0.83%, the Ethereum will decline in value on a Thursday quiet regularly. The expected price change of the Ethereum on a Thursday is between -0.32% and 1.34%.

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 -0.20%. However, the standard deviation on this weekday is 2.21%. This means that on most Fridays, the change in value of the Ethereum is between -2.41% and 2.01%.

Ethereum increased in value on an average Saturday only slightly. The average increase in value of the Ethereum was 0.22%. 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 (0.91%). This means that on 68 percent of the Saturdays, the change in price of the Ethereum is expected to be in the range of -0.69% and 1.13%.

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 -0.09% 0.56% -0.65% to 0.47%
Monday -0.30% 0.80% -1.10% to 0.49%
Tuesday 0.17% 0.60% -0.43% to 0.78%
Wednesday 0.27% 1.35% -1.09% to 1.62%
Thursday 0.51% 0.83% -0.32% to 1.34%
Friday -0.20% 2.21% -2.41% to 2.01%
Saturday 0.22% 0.91% -0.69% to 1.13%
 

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