28 March 2021 (SUN)- Ethereum (ETH) Daily Risk Report

By quantdoge | Daily Crypto Risk Report | 28 Mar 2021


Investment Disclaimer:
  • I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.
  • Past performance presented here is not an indicator of future performance.
  • This post expresses my own opinion about the cryptocurrency mentioned herein and is not an offer to buy or sell, or a solicitation of any offer to buy or sell the cryptocurrency mentioned in this post. 

1. How Ethereum Performs Relative to Other Cryptos ?

Ranking

As of 28 March 2021, Ethereum has made a cumulative return of 1303.03% since Jan 2020 and 233.77% since Jan 2021. It is currently the 6th greatest performing crypto asset since Jan 2021 as compared to the other cryptocurrencies presented above.

2. Technical Analysis on Ethereum

 

2.1. Volume Weighted Average Price (VWAP)

VWAP Analysis on ETH

2.2. Moving Average Convergence Divergence (MACD)

MACD Analysis on ETH

2.3. Bollinger Band

Bollinger Band Analysis on ETH

2.4. Relative Strength Index (RSI)

RSI Analysis on ETH

Based on the technical analysis presented above, quantdoge has taken a slightly bullish stance on the short-term price outlook of Ethereum, but I could be wrong, hence, please make careful due diligence before making any decision.

3. Ethereum Risk Profile

ETH daily return

ETH 95% Value-at-Risk

Based on the 100-day 95% historical Value-at-Risk (VaR) profile of Ethereum defined above, there is a 5% probability that Ethereum could lose more than 2.17% of its current value in any single trading day with its worst pullback being recorded at 21.47% on a single day during the last 100 days. Ethereum is becoming riskier on 28 Mar 2021 as compared to 10 days before on 19 Mar 2021. 

 

 

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


Daily Crypto Risk Report
Daily Crypto Risk Report

This blog was created by quantdoge, a data scientist in the cryptocurrency and blockchain space to publish daily risk reports on different cryptocurrencies. All published reports in this blog were analyzed with in-house algorithmic trading and quantitative risk management technology. ** Investment disclaimer: ** I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.

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