Ethereum (ETH) Down 0% Saturday: What's Next?

Saturday, April 01, 2023 09:58 AM | InvestorsObserver Analysts

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!

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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.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.