Ethereum (ETH) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Distributed Software Platform has fallen 0.06% to $3404.92.
InvestorsObserver is giving Ethereum a 21 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ethereum!
The Volatility Gauge analyzes 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 in a good position going forward. With support around $3345.61 and resistance around $3456.39. This leaves Ethereum with room to run before facing selling pressures.
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