Ethereum (ETH)

Current price: $ 391.20

24 hours price change: $ -3.41 (-0.86%)

Daily analysis of Ethereum (ETH) - 2 years

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 2 years, starting on August 8th, 2018 to August 7th, 2020.

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 08/08/2018 and 08/07/2020.

According to the performance of Ethereum between August 8th, 2018 and August 7th, 2020, Ethereum performed the best on Fridays. On average, the price of Ethereum increased 0.62% on Friday.

The weekday on which the Ethereum performed the worst, is Thursday. On Thursdays, the Ethereum declined in value on average by -0.75%.

Ethereum weekday performance

Ethereum increased in value on an average Sunday only slightly. The average increase in value of the Ethereum was 0.05%. 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 (3.59%). This means that on 68 percent of the Sundays, the change in price of the Ethereum is expected to be in the range of -3.55% and 3.64%.

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 -0.27%. However, the standard deviation on this weekday is 3.92%. This means that on most Mondays, the change in value of the Ethereum is between -4.19% and 3.64%.

It is hard to tell whether the Ethereum will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Ethereum is -0.06%. However, the standard deviation on this weekday is 3.42%. This means that on most Tuesdays, the change in value of the Ethereum is between -3.48% and 3.36%.

Ethereum increased in value on an average Wednesday only slightly. The average increase in value of the Ethereum was 0.09%. 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 (3.90%). This means that on 68 percent of the Wednesdays, the change in price of the Ethereum is expected to be in the range of -3.81% and 3.99%.

On Thursdays, the Ethereum decreases in value on average with -0.75%. On most of the Thursdays the Ethereum decreases in value between -5.02% and 3.52%. The uncertainty (4.27%) is higher than the average decline percentage (-0.75%). Therefore, expected range of price changes of the Ethereum on Thursdays is large.

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 0.62%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum on a Friday is between -2.87% and 4.11% (see also the table below).

Ethereum increased in value on an average Saturday only slightly. The average increase in value of the Ethereum was 0.19%. 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 (2.70%). This means that on 68 percent of the Saturdays, the change in price of the Ethereum is expected to be in the range of -2.51% and 2.89%.

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 0.05% 3.59% -3.55% to 3.64%
Monday -0.27% 3.92% -4.19% to 3.64%
Tuesday -0.06% 3.42% -3.48% to 3.36%
Wednesday 0.09% 3.90% -3.81% to 3.99%
Thursday -0.75% 4.27% -5.02% to 3.52%
Friday 0.62% 3.49% -2.87% to 4.11%
Saturday 0.19% 2.70% -2.51% to 2.89%
 

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