Ethereum Market Report: Ether Caps One Billion Dollars

Price brief


Ether is down -8.21% on the day, up 35.07% on the week and up 63.08% on the month:

Last price

.03059374 ETHBTC

$USDT

last price $ 13.25
one week ago $ 10.37
percentage 27.77%

Remarks

Ether reached a new monthly high of 0.03415 on May 20 2016. The combination of higher prices and new investors resulted in a surge of ether market capitalization to one billion US dollars. This did not surpass the all time high of .0372 set on March 17 2016.

Volume on Poloniex.com has exceeded 2.1 million ether per day. The bullish market saw steep price climbs for five days. Today saw a sizable descent from higher prices.

Price change

Price change is the percentage change within the period:

period change
day -8.21%
week 35.07%
month 63.08%

Chart

Tap or click chart to enlarge:

chart

Data source

Poloniex is the data source for this report.

Market capitalization

Market capitalization is the total $US dollar value of the Ether market calculated using the formula:

market cap = ( available supply x last price )
Market cap Available supply Last price
$ 1,062,951,570 80222760 $ 13.25

Indicators

Daily High Low

daily high .03415
daily low .03000

Trend

The weekly trend is up.

trend is UP

Support

Support is the lowest price within the period:

period support
day .03000
week .02129
biweekly .01939
month .01513

Resistance

Resistance is the highest price within the period:

period resistance
day .03415
week .03415
biweekly .03415
month .03415

Range

Range is the difference in price within the period:

period range
day 0.00415000
week 0.00794374
month 0.01183374

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Ether is down -8.21% on the day, up 35.07% on the week and up 63.08% on the month. The weekly trend is up. ETHBTC saw weekly support at .02129 and weekly resistance at .03415. Although market sentiment is categorized as neutral, in fact a titanic struggle between the bulls and bears is in full swing with the bears having an edge so far today.

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 Saturday May 21 2016 00:58 hours UTC.

Coming soon

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Bitcoin & Ethereum Market Reports coming soon – or browse reports:

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Tags

Ether, Poloniex, ETHBTC, Price brief, Last price, Remarks, Price change, Chart, Data source, Market capitalization, Indicators, Daily high low, Trend, Support, Resistance, Range, Market sentiment, Summary, Disclaimer, Printed, Coming soon, Tags

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