Ethereum (ETH)

Current price: $ 212.62

24 hours price change: $ -4.56 (-2.10%)

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 March 22nd, 2019 to September 21st, 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 03/22/2019 and 09/21/2019.

According to the performance of Ethereum between March 22nd, 2019 and September 21st, 2019, Ethereum performed the best on Wednesdays. On average, the price of Ethereum increased 1.01% on Wednesday.

The weekday on which the Ethereum performed the worst, is Thursday. On Thursdays, the Ethereum declined in value on average by -1.24%.

Ethereum weekday performance

Ethereum increased in value on an average Sunday only slightly. The average increase in value of the Ethereum was 0.30%. 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 (4.80%). This means that on 68 percent of the Sundays, the change in price of the Ethereum is expected to be in the range of -4.51% and 5.10%.

On an average Monday, the Ethereum increased 0.59%. However, since the expected deviation is 3.09%, the Ethereum will decline in value on a Monday quiet regularly. The expected price change of the Ethereum on a Monday is between -2.51% and 3.68%.

Ethereum increased in value on an average Tuesday only slightly. The average increase in value of the Ethereum was 0.08%. 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 (4.86%). This means that on 68 percent of the Tuesdays, the change in price of the Ethereum is expected to be in the range of -4.78% and 4.95%.

On an average Wednesday the Ethereum shows an increase in value of 1.01%. However, the change of Ethereum on most of the Wednesdays is between -3.56% and 5.57%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Ethereums.

The Ethereum declines in value on an average Thursday with -1.24%. However, the uncertainty (or standard deviation) is quite large, namely 4.20%. This means that it is not possible to say whether on a regular Thursday the Ethereum will increase or decrease in value.

Historical performance on Friday 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 Friday with 0.96%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum on a Friday is between -2.10% and 4.02% (see also the table below).

Ethereum increased in value on an average Saturday only slightly. The average increase in value of the Ethereum was 0.30%. 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 (3.06%). This means that on 68 percent of the Saturdays, the change in price of the Ethereum is expected to be in the range of -2.76% and 3.36%.

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 0.30% 4.80% -4.51% to 5.10%
Monday 0.59% 3.09% -2.51% to 3.68%
Tuesday 0.08% 4.86% -4.78% to 4.95%
Wednesday 1.01% 4.57% -3.56% to 5.57%
Thursday -1.24% 4.20% -5.43% to 2.96%
Friday 0.96% 3.06% -2.10% to 4.02%
Saturday 0.30% 3.06% -2.76% to 3.36%