Ethereum (ETH) Up 1.08% Wednesday: What's Next? – InvestorsObserver
Ethereum (ETH) has been relatively less volatile when compared to other cryptocurrencies. So far Wednesday, the Distributed Software Platform has advanced 1.08% to $1887.41.
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 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 paired 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 trading above resistance. With support set at $1857.18 and resistance near $1883.34. This positions Ethereum out of range and potentially in a volatile position if the rally burns out.
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.
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