Ethereum (ETH) has been relatively less volatile compared to the crypto market. So far Saturday, the Distributed Software Platform has dropped 0.22% to $1825.49.
InvestorsObserver is giving Ethereum a 18 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 18, placing it in the bottom 18% of cryptos on the market.The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. ETH's low volatility reading is coupled 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 in a favorable position going forward. With support near $1788.19 and resistance at $1849.73. This positions Ethereum with room to run before facing selling pressures.