Ethereum (ETH)

Current price: $ 3,164.96

24 hours price change: $ -59.02 (-1.83%)

Daily analysis of Ethereum (ETH) - 1 month

The performance of Ethereum regarding the price differs every day. To make the best decision to buy Ethereum, we are analysis in this article the performance of Ethereum on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on December 19th, 2021 to January 19th, 2022.

In the barchart below, the weekdays and average performance of Ethereum are shown side by side.

Average daily change in price of Ethereum per weekday between 12/19/2021 and 01/19/2022.

According to the performance of Ethereum between December 19th, 2021 and January 19th, 2022, Ethereum performed the best on Saturdays. On average, the price of Ethereum increased 0.41% on Saturday.

The weekday on which the Ethereum performed the worst, is Tuesday. On Tuesdays, the Ethereum declined in value on average by -0.29%.

Ethereum weekday performance

It is hard to tell whether the Ethereum will increase or decrease in value on an average Sunday. The average change on a Sunday for the Ethereum is -0.03%. However, the standard deviation on this weekday is 0.15%. This means that on most Sundays, the change in value of the Ethereum is between -0.19% and 0.12%.

It is hard to tell whether the Ethereum will increase or decrease in value on an average Monday. The average change on a Monday for the Ethereum is -0.14%. However, the standard deviation on this weekday is 0.29%. This means that on most Mondays, the change in value of the Ethereum is between -0.42% and 0.15%.

It is hard to tell whether the Ethereum will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Ethereum is -0.29%. However, the standard deviation on this weekday is 0.49%. This means that on most Tuesdays, the change in value of the Ethereum is between -0.78% and 0.20%.

The Ethereum will almost not change or only slightly increase in value on an average Wednesday. The average change of the Ethereum on Wednesdays is 0.27%. The standard deviation of the Ethereum is 0.26%, which means that in 68% of the Wednesdays, the range of the change of the Ethereum is 0.01% and 0.53%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

It is hard to tell whether the Ethereum will increase or decrease in value on an average Thursday. The average change on a Thursday for the Ethereum is -0.14%. However, the standard deviation on this weekday is 0.76%. This means that on most Thursdays, the change in value of the Ethereum is between -0.90% and 0.62%.

It is hard to tell whether the Ethereum will increase or decrease in value on an average Friday. The average change on a Friday for the Ethereum is -0.17%. However, the standard deviation on this weekday is 0.50%. This means that on most Fridays, the change in value of the Ethereum is between -0.67% and 0.33%.

The average increase of the Ethereum on an average Saturday is 0.41%. This is a small increase, however, the expected change of the Ethereum in 95% of the Saturdays is -0.11% and 0.94%. This means that only on 2.5% (or slightly over 1 Saturday per year) the expected change of the Ethereum is below -0.11%. On the other hand, you would not have to expect that the change on a single Saturday will be above 0.94%. This will also only happen on 2.5% of the Saturdays. On 68% of the Saturdays, the increase of the Ethereum will be in the range of 0.15% and 0.68%.

Ethereum weekday performance details

Find below the details of the performance of Ethereum per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday -0.03% 0.15% -0.19% to 0.12%
Monday -0.14% 0.29% -0.42% to 0.15%
Tuesday -0.29% 0.49% -0.78% to 0.20%
Wednesday 0.27% 0.26% 0.01% to 0.53%
Thursday -0.14% 0.76% -0.90% to 0.62%
Friday -0.17% 0.50% -0.67% to 0.33%
Saturday 0.41% 0.26% 0.15% to 0.68%
 

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