Ethereum (ETH)

Current price: $ 145.23

24 hours price change: $ 15.69 (12.11%)

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 August 18th, 2018 to February 16th, 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 08/18/2018 and 02/16/2019.

According to the performance of Ethereum between August 18th, 2018 and February 16th, 2019, Ethereum performed the best on Fridays. On average, the price of Ethereum increased 1.05% on Friday.

The weekday on which the Ethereum performed the worst, is Monday. On Mondays, the Ethereum declined in value on average by -1.70%.

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 0.62%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum on a Sunday is between -2.92% and 4.16% (see also the table below).

The Ethereum declines in value on an average Monday with -1.70%. However, the uncertainty (or standard deviation) is quite large, namely 6.20%. This means that it is not possible to say whether on a regular Monday the Ethereum will increase or decrease in value.

Allthough the Ethereum decreases in value with -0.45% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum on Tuesdays is 4.29%. This means that the expected change of the value of Ethereum is between -4.74% and 3.84% on 68 out of 100 Tuesdays.

On Wednesdays, the Ethereum decreases in value on average with -0.83%. On most of the Wednesdays the Ethereum decreases in value between -6.74% and 5.08%. The uncertainty (5.91%) is higher than the average decline percentage (-0.83%). Therefore, expected range of price changes of the Ethereum on Wednesdays is large.

The Ethereum declines in value on an average Thursday with -1.31%. However, the uncertainty (or standard deviation) is quite large, namely 7.21%. This means that it is not possible to say whether on a regular Thursday the Ethereum will increase or decrease in value.

On an average Friday the Ethereum shows an increase in value of 1.05%. However, the change of Ethereum on most of the Fridays is between -4.44% and 6.54%. Therefore it is hard to tell whether an average Friday is a good day to start buying Ethereums.

Ethereum increased in value on an average Saturday 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 (3.80%). This means that on 68 percent of the Saturdays, the change in price of the Ethereum is expected to be in the range of -3.63% and 3.96%.

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
Sunday0.62%3.54%-2.92% to 4.16%
Monday-1.70%6.20%-7.90% to 4.50%
Tuesday-0.45%4.29%-4.74% to 3.84%
Wednesday-0.83%5.91%-6.74% to 5.08%
Thursday-1.31%7.21%-8.52% to 5.90%
Friday1.05%5.49%-4.44% to 6.54%
Saturday0.17%3.80%-3.63% to 3.96%