Ethereum (ETH) has been relatively less volatile compared to the crypto market. So far Sunday, the Distributed Software Platform has declined 0.04% to $1274.82.
InvestorsObserver gives Ethereum a low volatility rank of 22, placing it in the bottom 22% of cryptos on the market.
The Volatility Gauge follows meaning that one day won’t make or break its rank.
ETH’s low volatility reading pairs 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 favorable position going forward. With support set at $1264.44 and resistance at $1281.85. This leaves Ethereum with room to run before facing selling pressures.
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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