Ethereum Market Report: ETH/BTC Down -9.67% on the Day
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||$ 10.30|
|one week ago||$ 12.42|
24 hour volume
The 24 hour volume on Poloniex is 29258.48 BTC or 1929452.59 ETH.
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 is the percentage change within the period:
Poloniex is the data source for this market report.
Market capitalization is the total $US dollar value of the Ether market calculated using the formula:
|Market cap||Available supply||Last price|
|$ 841,557,741||81704635||$ 10.30|
Daily High Low
The weekly trend is down.
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 bearish.
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.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Wednesday July 06 2016 02:13 hours UTC. Contact KittyBitcoin to request custom reports.
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