Ethereum (ETH)

Current price: $ 3,371.29

24 hours price change: $ 71.62 (2.17%)

Daily analysis of Ethereum (ETH) - 3 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 3 months, starting on February 18th, 2021 to May 17th, 2021.

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 02/18/2021 and 05/17/2021.

According to the performance of Ethereum between February 18th, 2021 and May 17th, 2021, Ethereum performed the best on Thursdays. On average, the price of Ethereum increased 0.56% on Thursday.

The weekday on which the Ethereum performed the worst, is Wednesday. On Wednesdays, the Ethereum declined in value on average by -0.61%.

Ethereum weekday performance

Allthough the Ethereum decreases in value with -0.37% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum on Sundays is 1.12%. This means that the expected change of the value of Ethereum is between -1.49% and 0.75% on 68 out of 100 Sundays.

On an average Monday, the Ethereum increased 0.49%. However, since the expected deviation is 1.19%, the Ethereum will decline in value on a Monday quiet regularly. The expected price change of the Ethereum on a Monday is between -0.70% and 1.68%.

Allthough the Ethereum decreases in value with -0.49% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum on Tuesdays is 1.28%. This means that the expected change of the value of Ethereum is between -1.77% and 0.78% on 68 out of 100 Tuesdays.

On Wednesdays, the Ethereum decreases in value on average with -0.61%. On most of the Wednesdays the Ethereum decreases in value between -2.93% and 1.71%. The uncertainty (2.32%) is higher than the average decline percentage (-0.61%). Therefore, expected range of price changes of the Ethereum on Wednesdays is large.

On an average Thursday, the Ethereum increased 0.56%. However, since the expected deviation is 1.08%, the Ethereum will decline in value on a Thursday quiet regularly. The expected price change of the Ethereum on a Thursday is between -0.52% and 1.65%.

Ethereum increased in value on an average Friday only slightly. The average increase in value of the Ethereum was 0.29%. 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 (2.33%). This means that on 68 percent of the Fridays, the change in price of the Ethereum is expected to be in the range of -2.04% and 2.62%.

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 -0.12%. However, the standard deviation on this weekday is 2.02%. This means that on most Saturdays, the change in value of the Ethereum is between -2.14% and 1.90%.

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 -0.37% 1.12% -1.49% to 0.75%
Monday 0.49% 1.19% -0.70% to 1.68%
Tuesday -0.49% 1.28% -1.77% to 0.78%
Wednesday -0.61% 2.32% -2.93% to 1.71%
Thursday 0.56% 1.08% -0.52% to 1.65%
Friday 0.29% 2.33% -2.04% to 2.62%
Saturday -0.12% 2.02% -2.14% to 1.90%
 

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