Ethereum (ETH) has been relatively less volatile when compared to other cryptocurrencies. So far Wednesday, the Distributed Software Platform has fallen 0.5% to $2916.03.
InvestorsObserver is giving Ethereum a 20 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ethereum!
The Volatility Gauge follows which means that one day won’t define its volatility rank – a trend will.
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 well positioned going forward. With support at $2843.78 and resistance near $2995.4. This positions Ethereum with room to run before facing selling pressures.
This news is republished from another source. You can check the original article here
