Ethereum (ETH) has been relatively less volatile when compared to other cryptocurrencies. So far Sunday, the Distributed Software Platform has advanced 7.97% to $4212.8, hitting a five-day high.
InvestorsObserver gives Ethereum a low volatility rank of 13, placing it in the bottom 13% of cryptos on the market. The Volatility Gauge tracks the previous 60 days, meaning that one day won’t make or break the score.
ETH’s low volatility reading is coupled 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 near resistance. With support around $3537.3 and resistance set at $4254.54. This leaves Ethereum with potential selling pressures ahead as it may be getting over extended.
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.