Ethereum (ETH) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Distributed Software Platform has increased 0.77% to $4055.16.
The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day.
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 favorably positioned going forward. With support near $3873.28 and resistance at $4133.68. 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
