Ethereum Market Report: ETH in the Dumps

Brief:


Ether is up 3.30% on the day, down -11.41% on the week and down -23.80% on the month on a last price of 0.01965930. ETH/BTC is trading between a 24hr high of 0.02050000 and a 24hr low of 0.01836010 on a 24hr volume of 15982.81498877 BTC or 824643.07861154 ETH. The weekly trend is sideways.

Last price

0.01965930 ETH/BTC

$USDT

last price $ 12.52
one week ago $ 12.94
percentage -3.25%

24 hour volume

The 24 hour volume on Poloniex is 15982.81498877 BTC or 824643.07861154 ETH.

Remarks

The crosshairs on the 2 week zoom chart showing 2 hour candlesticks (illustrated) is centered exactly on the static price 0.0200. Looking at this horizontal line one can estimate that ether has spent a large part of the last two weeks in sub 0.0200 mode.

TheDAO issue and fallout have brought the price of ether down. The market has also over-reacted – as is typically the case. Brexit and bitcoin brought the ether price down further, and if there was anything left the short traders took it.

The good news is that there is a lot of potential left in ether – based on early historical performance. However it’s a good thing a new month is coming because in June 2016 the price of ether fell into disrepute, stayed low, and moved sideways while at the same time other possibly more promising digital assets arrived. ETH is in the dumps.

Ether has just barely managed to hold onto a one billion dollar market capitalization – currently one tenth of bitcoin market capitalization.

Price change

Price change is the percentage change within the period:

period change
day 3.30%
week -11.41%
month -23.80%

Chart

Tap or click chart to enlarge:

chart-ether-2016-06-30

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
$ 1,020,539,392 81512731 $ 12.52

Daily High Low

daily high 0.02050000
daily low 0.01836010

Trend

The weekly trend is sideways.

trend is SIDEWAYS

Support

Support is the lowest price within the period:

period support
day 0.01836010
week 0.01765000
biweekly 0.01243657
month 0.01243657

Resistance

Resistance is the highest price within the period:

period resistance
day 0.02050000
week 0.02322170
biweekly 0.02798924
month 0.02809900

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 0.00213990
week -0.00253200
month -0.00614104

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

Ether is up 3.30% on the day, down -11.41% on the week and down -23.80% on the month. The weekly trend is sideways. ETH/BTC saw weekly support at 0.0176500 and weekly resistance at 0.02322170. 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 Thursday June 30 2016 03:05 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

Thanks for reading! 🙂

Tags

Ethereum, Ether, Poloniex, ETH/BTC, Brief, Last price, Remarks, Price change, Chart, Data source, Market capitalization, Indicators, Daily high low, Trend, Support, Margin trading, Resistance, Range, Market sentiment, Summary, Disclaimer, Printed, Coming soon, cryptocurrency, bitcoins, BTC, altcoins, investing, trading, speculation, coins, investment, digital, assets, tags

Latest Comments

  1. jo July 1, 2016

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