Ethereum Market Report: Ether Climbs 13.89% in Month
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||$ 18.52|
|one week ago||$ 14.60|
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.
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.
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 is the percentage change within the period:
Poloniex is the data source for this market report.
Market capitalization is the total $US dollar value of the Ether market calculated using the formula:
|Market cap||Available supply||Last price|
|$ 1,500,706,436||81031665||$ 18.52|
Daily High Low
The weekly trend is up.
Support is the lowest price within the period:
Resistance is the highest price within the period:
The data source Poloniex offers margin trading on this digital asset.
Range is the difference in price within the period:
Market sentiment is neutral.
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.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Wednesday June 15 2016 06:17 hours UTC. Contact KittyBitcoin to request custom reports.
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