Ethereum (ETH)

Current price: $ 2,069.87

24 hours price change: $ 67.89 (3.39%)

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 23rd, 2022 to May 23rd, 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 02/23/2022 and 05/23/2022.

According to the performance of Ethereum between February 23rd, 2022 and May 23rd, 2022, Ethereum performed the best on Thursdays. On average, the price of Ethereum increased 0.72% on Thursday.

The weekday on which the Ethereum performed the worst, is Friday. On Fridays, the Ethereum declined in value on average by -0.38%.

Ethereum weekday performance

Ethereum increased in value on an average Sunday only slightly. The average increase in value of the Ethereum was 0.01%. 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 (0.43%). This means that on 68 percent of the Sundays, the change in price of the Ethereum is expected to be in the range of -0.42% and 0.44%.

It is hard to tell whether the Ethereum will increase or decrease in value on an average Monday. The average change on a Monday for the Ethereum is -0.16%. However, the standard deviation on this weekday is 0.52%. This means that on most Mondays, the change in value of the Ethereum is between -0.67% and 0.36%.

On an average Tuesday, the Ethereum increased 0.36%. However, since the expected deviation is 0.56%, the Ethereum will decline in value on a Tuesday quiet regularly. The expected price change of the Ethereum on a Tuesday is between -0.20% and 0.92%.

On an average Wednesday, the Ethereum increased 0.42%. However, since the expected deviation is 1.72%, the Ethereum will decline in value on a Wednesday quiet regularly. The expected price change of the Ethereum on a Wednesday is between -1.30% and 2.14%.

Historical performance on Thursday 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 Thursday with 0.72%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum on a Thursday is between -0.16% and 1.60% (see also the table below).

Allthough the Ethereum decreases in value with -0.38% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum on Fridays is 3.01%. This means that the expected change of the value of Ethereum is between -3.39% and 2.63% on 68 out of 100 Fridays.

Ethereum increased in value on an average Saturday only slightly. The average increase in value of the Ethereum was 0.18%. 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 (1.10%). This means that on 68 percent of the Saturdays, the change in price of the Ethereum is expected to be in the range of -0.93% and 1.28%.

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 0.01% 0.43% -0.42% to 0.44%
Monday -0.16% 0.52% -0.67% to 0.36%
Tuesday 0.36% 0.56% -0.20% to 0.92%
Wednesday 0.42% 1.72% -1.30% to 2.14%
Thursday 0.72% 0.88% -0.16% to 1.60%
Friday -0.38% 3.01% -3.39% to 2.63%
Saturday 0.18% 1.10% -0.93% to 1.28%
 

About Us

: Financial indicators for cryptocurrencies