Ethereum (ETH) Down 0.04% Wednesday: What's Next?

Ethereum (ETH) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Distributed Software Platform has declined 4.36% to $1210.7.

InvestorsObserver is giving Ethereum a 26 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ethereum!

Moderately Volatile

InvestorsObserver gives Ethereum a moderate volatility rank of 26, placing it in the bottom 26% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.

ETH’s moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Ethereum price is trading near resistance. With support at $1171.47 and resistance set at $1215.98. 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.