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.
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.
