Ethereum (ETH) has been relatively less volatile when compared to other cryptocurrencies. So far Saturday, the Distributed Software Platform has advanced 0.22% to $1199.87.
InvestorsObserver is giving Ethereum a 17 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 17, placing it in the bottom 17% of cryptos on the market.The Volatility Gauge analyzes meaning that one day won't make or break its rank. 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 favorably positioned going forward. With support around $1189.12 and resistance around $1203.69. This leaves Ethereum with room to run before facing selling pressures.