Ethereum (ETH), Low Volatility but Rising Thursday: Is it Time to Cash Out?

Thursday, March 28, 2024 11:53 AM | InvestorsObserver Analysts

Ethereum (ETH) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Distributed Software Platform has gained 1.63% to $3582.17.

InvestorsObserver is giving Ethereum a 21 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 21, placing it in the bottom 21% 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 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 well positioned going forward. With support set at $3435.28 and resistance near $3639.27. 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.