Ethereum (ETH) has been relatively less volatile compared to the crypto market. So far Tuesday, the Distributed Software Platform has lost 0.42% to $1820.57.
Low Volatility
InvestorsObserver gives Ethereum a low volatility rank of 21, placing it in the bottom 21% of cryptos on the market.
The Volatility Gauge follows 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 in a good position going forward. With support at $1785.1 and resistance set at $1843.26. 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.