Ethereum Market Report: Ether Skyrockets on WSJ News

Price brief


Ether is up 13.81% on the day, up 19.79% on the week and up 26.81% on the month:

Last price

0.02464 ETHBTC

$ETHUSDT

last price $11.13
one week ago $9.26
percentage 20.19%

Remarks

The price of ether skyrocketed 0.0023 on Poloniex.com in a single 30 minute trading session as Wall Street Journal published news about the Ethereum Distributed Autonomous Organization (DAO). Ether rose to a one month high of $11.49 in ETHUSD and .02565000 in the popular ETHBTC cryptocurrency pair.

The news coincided with Fortune.com, TechCrunch and other favorable press about the DAO. Volume spiked to 316,392 ether in a 30 minute candle. The DAO has raised over $100 million in ether sales. The crowd sale continues until 28 May 2016. Market sentiment is strongly bullish.

Price change

Price change is the percentage change within the period:

period change
day 13.81%
week 19.79%
month 26.81%

Chart

Tap or click chart to enlarge:

chart

Data source

Poloniex is the data source for this report.

Daily High Low

daily high 0.02565000
daily low 0.02160009

Trend

The weekly trend is up.

trend is UP

Support

Support is the lowest price within the period:

period support
day 0.02160009
week .01996
biweekly .01912
month .01513

Resistance

Resistance is the highest price within the period:

period resistance
day 0.02565000
week 0.02565000
biweekly 0.02565000
month 0.02565000

Range

Range is the difference in price within the period:

period range
day 0.00404991
week 0.00407000
month 0.00521000

Market sentiment

Market sentiment is bullish.

sentiment bullish

Image courtesy Pixabay.com

Summary


Ether is up 13.81% on the day, up 19.79% on the week and up 26.81% on the month. The weekly trend is up. ETHBTC saw weekly support at .01996 and weekly resistance at 0.02565000. Market sentiment is bullish.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Tuesday May 17 2016 00:04 hours UTC.

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Tags

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