Ethereum (ETH) Falls 0.02%, Underperforms the Crypto Market Saturday

Saturday, October 01, 2022 05:21 PM | InvestorsObserver Analysts

Ethereum (ETH) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Distributed Software Platform has dropped 1.51% to $1310.41.

InvestorsObserver is giving Ethereum a 33 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ethereum!

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Moderately Volatile

InvestorsObserver gives Ethereum a moderate volatility rank of 33, placing it in the bottom 33% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. ETH's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Ethereum price is favorably positioned going forward. With support set at $1284.62 and resistance around $1332.98. This leaves 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.