Ethereum (ETH) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the Distributed Software Platform has dropped 5.34% to $1555.84.
InvestorsObserver is giving Ethereum a 15 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ethereum!
Low Volatility
InvestorsObserver gives Ethereum a low volatility rank of 15, placing it in the bottom 15% of cryptos on the market.The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. ETH's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Ethereum price is trading near resistance. With support at $1479.39 and resistance at $1564.13. This positions Ethereum with potential selling pressures ahead as it may be getting over extended.