Ethereum (ETH) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Distributed Software Platform has advanced 0.13% to $3048.27.
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 takes into account 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 in a favorable position going forward. With support at $3015.53 and resistance near $3073.99. This positions Ethereum with room to run before facing selling pressures.