Ethereum (ETH) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the Distributed Software Platform has dropped 5.34% to $1555.84.
InvestorsObserver gives Ethereum a low volatility rank of 15, placing it in the bottom 15% of cryptos on the market.
The Volatility Gauge follows which means that one day won’t define its volatility rank – a trend will.
ETH’s low volatility reading comes 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 at $1479.39 and resistance at $1564.13. This positions 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.
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