Ethereum (ETH) Up 1.08% Wednesday: What's Next? – InvestorsObserver

0

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.

volatility - 17
InvestorsObserver is giving Ethereum a 17 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ethereum!

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.
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You’re all set to receive the Morning Update newsletter
Stock Price data may be delayed up to 15 minutes.
Copyright © 2023. Portions of this content may be copyrighted by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC. All Rights Reserved. Portions of this content protected by US Patent numbers 7,865,496, 7,856,390, and 7,716,116. Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. Portfolio results are unaudited and based on varying investment expiration dates. Terms of Service | Privacy Policy

source

Leave a Reply

Your email address will not be published. Required fields are marked *