Ethereum Market Report: Ether Crashes to .0206

Brief

Ether’s crash from .0331 to .0206 is the biggest ether price movement in two weeks. Ether is up 1.65% on the day, down -28.45% on the week and up 22.60% on the month.

Last price

.02345420 ETHBTC

$USD

last price $ 12.42
one week ago $ 13.19
percentage -5.84%

Remarks

On May 27 2016 2,796,390 ether changed hands on Poloniex. This was part of a nine day decline which saw the price plummet to mid chart lows inconceivable in the recent and heady days of TheDAO initial coin offer (ICO) bull run.

BTC halving deflationary pressures, BTC price rise, the end of TheDAO (ICO), the shift from Ether to Lisk token trading, and swarm intelligence are causal factors in the price change which saw some support evaporate for the darling child of the crypto industry.

Price change

Price change is the percentage change within the period:

period change
day 1.65%
week -28.45%
month 22.60%

Chart

Tap or click chart to enlarge:

chart-ethbtc-2016-05-29

Data source

Poloniex is the data source for this market 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
$ 999,964,319 80512425 $ 12.42

Indicators

Daily High Low

daily high .02424001
daily low .02190001

Trend

The weekly trend is down.

trend is DOWN

Support

Support is the lowest price within the period:

period support
day .02190001
week .02067
biweekly .02067
month .01604

Resistance

Resistance is the highest price within the period:

period resistance
day .02424001
week .03310
biweekly .03415
month .03415

Range

Range is the difference in price within the period:

period range
day 0.00234000
week -0.00932580
month 0.00432420

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

Ether is up 1.65% on the day, down -28.45% on the week and up 22.60% on the month. The weekly trend is down. ETHBTC saw weekly support at .02067 and weekly resistance at .03310. Market sentiment is bearish.

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 Monday May 30 2016 01:00 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

Watch for our next Bitcoin & Ethereum Market Reports coming soon – or browse reports:

Thanks for reading! 🙂

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, cryptocurrency, bitcoin, BTC, altcoins, investing, trading, tags