ETH Weekly Volatility Forecast 26-30 September

ETH Weekly Volatility Forecast 26-30 September

Currently our volatility coming from volatility token for ETH is at 13.92%, increasing almost double from 6.05%of last week, located on 77th percentile, placing us in a high probability volatility environment

Based on the previous calculations, there is currently a 28% chance that the asset is going to break the channel for
TOP 1475
BOT 1114

At the same time, based on the previous calculations:
- There is a 52% chance that the previous low from last week of 1220 is going to be touched/surpassed.
- There is a 28.5% chance that the previous high from last week of 1408 is going to be touched/surpassed
We can deduct that we have a much higher probability to have a continuation of bearish candle than bullish.

On average the weekly candle when the asset was located around this percentile are 10.22% for bull candles and 11.54% for the bear candles from the opening price.


From the fundamental point of view, news that can affect this asset price this week:
- CB Consumer confidence and Powell Speech for Tuesday 27 Sep
- Powell Speech for Wednesday 28 Sep
- US GDP coming on thursday 29 Sep



Overall I believe for this week there is higher chance due to the overall global activity to have another bearish weekly candle.