Ethereum (ETH) Up 4.93% Friday: What’s Next?

Ethereum (ETH) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the Distributed Software Platform has increased 4.93% to $1746.6.

InvestorsObserver is giving Ethereum a 16 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ethereum!

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

ETH’s low volatility reading comes 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 trading above resistance. With support around $1638.15 and resistance set at $1692.03. This positions Ethereum out of range and potentially in a volatile position if the rally burns out.