Ethereum Market Report: Ether Climbs 13.89% in Month

Brief:


Ether is up 0.86% on the day, up 9.93% on the week and up 13.67% on the month on a last price of 0.02734649. ETH/BTC is trading between a 24hr high of 0.02809900 and a 24hr low of 0.02557352, in a weekly up trend.

Last price

0.02734649 ETH/BTC

$USD

last price $ 18.52
one week ago $ 14.60
percentage 26.85%

Remarks

Ether has climbed to the mid trading level at 0.0270. The climb is reminiscent of the bull run to 0.03415000 which was reached a month ago on May 20 2016. At the time the daily volume was 2,049,688 ether. Yesterday’s June 14 2016 volume was 1,409,036 ether.

chart-2-ether-2016-06-15 Chart courtesy Poloniex.com

The weekly trend is labelled as “up” as this is the most recent two and a half day direction. The first half of the week saw a slowly descending price. The second half of the week saw a distinct upwards trend which has persisted since noon on June 12 2016. The one week two hour candlestick chart (above) shows the v-shape price directional change.

Price scenarios
At least three (3) scenarios are possible:
a. a large correction downwards or,
b. a continued bull run or,
c. variations on a and b combined with sideways movement.

The high probability short term scenario is continued upwards pressure on the price because of the pending bitcoin halving.

Price change

Price change is the percentage change within the period:

period change
day 0.86%
week 9.93%
month 13.67%

Chart

Tap or click chart to enlarge:

chart-ether-2016-06-15

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
$ 1,500,706,436 81031665 $ 18.52

Indicators

Daily High Low

daily high 0.02809900
daily low 0.02557352

Trend

The weekly trend is up.

trend is up

Support

Support is the lowest price within the period:

period support
day 0.02557352
week 0.02208000
biweekly 0.02208000
month 0.02067336

Resistance

Resistance is the highest price within the period:

period resistance
day 0.02809900
week 0.02809900
biweekly 0.02809900
month 0.03415000

Margin trading

yes

The data source Poloniex offers margin trading on this digital asset.

Range

Range is the difference in price within the period:

period range
day 0.00252548
week 0.00247116
month 0.00328837

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Ether is up 0.86% on the day, up 9.93% on the week and up 13.67% on the month. The weekly trend is UP. ETH/BTC saw weekly support at 0.02208000 and weekly resistance at 0.02809900. Market sentiment is neutral.

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 Wednesday June 15 2016 06:17 hours UTC. Contact KittyBitcoin to request custom reports.

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Tags

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