Ethereum Gold (ETG) Rises 353%, Outperforms the Crypto Market Friday

Friday, July 22, 2022 12:56 PM | InvestorsObserver Analysts

Ethereum Gold (ETG) has been relatively more volatile compared to the crypto market. So far Friday, the Payment Tokens has increased 353% to $0.009060223924.

InvestorsObserver is giving Ethereum Gold a 83 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ethereum Gold!

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Highly Volatile

InvestorsObserver gives Ethereum Gold a high volatility rank of 83, placing it in the top 17% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. ETG's high volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

Ethereum Gold price is trading above resistance. With support set at $-0.00035858885415613 and resistance near $0.00671717538467825. This leaves Ethereum Gold out of range and potentially in a volatile position if the rally burns out.