Ethereum Market Report: ETH/BTC Down -9.67% on the Day

Brief:


Ether is down -9.67% on the day, down -18.99% on the week and down -36.09% on the month on a last price of 0.01522999. ETH/BTC is trading between a 24hr high of 0.01695377 and a 24hr low of 0.01415000 on a 24hr volume of 29258.48 BTC or 1929452.59 ETH. The weekly trend is down.

Last price

0.01522999 ETH/BTC

$USD

last price $ 10.30
one week ago $ 12.42
percentage -17.07%

24 hour volume

The 24 hour volume on Poloniex is 29258.48 BTC or 1929452.59 ETH.

Remarks

Ether dipped to 0.01415000 nearing a monthly low of 0.01243657 on higher than average trading volume today. While a partial recovery has ensued, the price and volume suggest new and lower support and resistance levels for the much battered ETH/BTC coin.

Despite favorable technical development news recently splashed over social media – or perhaps partially because of it since past dev has gone sour – traders traded more ether at decreasingly lower prices. The precipitous drop is seen in the chart attached, which has a two day zoom in thirty minute candlesticks.

This latest plunge sees ether market capitalization shrink much lower than the one billion dollars previously seen.

Meanwhile the price of bitcoin remained relatively constant at $674.40 and many altcoins enjoyed the stability, showing higher than normal day to day positive price changes. Traders have enjoyed recent bouyant volume and price events in XEM, NXT, EMC2, Myriadcoin and other attractive altcoins.

Price change

Price change is the percentage change within the period:

period change
day -9.67%
week -18.99%
month -36.09%

Chart

Tap or click chart to enlarge:

chart-ethbtc-2016-07-05

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
$ 841,557,741 81704635 $ 10.30

Daily High Low

daily high 0.01695377
daily low 0.01415000

Trend

The weekly trend is down.

trend is DOWN

Support

Support is the lowest price within the period:

period support
day 0.01415000
week 0.01415000
biweekly 0.01243657
month 0.01243657

Resistance

Resistance is the highest price within the period:

period resistance
day 0.01695377
week 0.02004998
biweekly 0.02345520
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 0.00280377
week -0.00357028
month -0.00860152

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

Ether is down -9.67% on the day, down -18.99% on the week and down -36.09% on the month. The weekly trend is down. ETH/BTC saw weekly support at 0.01415000 and weekly resistance at 0.02004998. 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 Wednesday July 06 2016 02:13 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

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

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Tags

Ether, ETH/BTC, Poloniex, Brief, Last price, Volume, 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

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