Ethereum Market Report: Ether Caps One Billion Dollars
Ether is down -8.21% on the day, up 35.07% on the week and up 63.08% on the month:
|last price||$ 13.25|
|one week ago||$ 10.37|
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 is the percentage change within the period:
Poloniex is the data source for this report.
Market capitalization is the total $US dollar value of the Ether market calculated using the formula:
|Market cap||Available supply||Last price|
|$ 1,062,951,570||80222760||$ 13.25|
Daily High Low
The weekly trend is up.
Support is the lowest price within the period:
Resistance is the highest price within the period:
Range is the difference in price within the period:
Market sentiment is neutral.
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.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Saturday May 21 2016 00:58 hours UTC.
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