Ethereum

Ethereum Market Report: ETH/BTC Bouyant to 0.0175

Brief:


Ethereum is up 6.03% on the day, up 6.57% on the week and down -32.19% on the month on a last price of 0.01687802. ETH/BTC is trading between a 24hr high of 0.01719078 and a 24hr low of 0.01552086 on a 24hr volume of 12451.04 BTC or 750235.24 ETH. The weekly trend is mixed.

Last price

0.01687802 ETH/BTC

$USD

last price $ 11.13
one week ago $ 10.44
percentage 6.61%

Volume

Volume

The 24 hour volume on Poloniex is 12451.04 BTC or 750235.24 ETH.

Remarks

Ether has some good news. The price has recently shown a small amount of bouyancy, moving up to a weekly high of 0.01750000 BTC. Previously the price has trended downward since the last precipitous fall of June 17 2016. The freefall saw 0.0271 drop to 0.0127 in much less than two days with 5,099,807 BTC changing hands in a sea of descending red candles.

News
Ten hours ago the Twitter user Tuur Demeester ‏@TuurDemeester tweeted “$ETH price jumps 5% on news that Coinbase is adding Ethereum support this month.” New coin listings can result in high volatility. Ether was up 7.13% on the day when Bitfinex listed ether.

twitter-eth-news

In other price news on July 06 2016 Twitter user ‏@H4ck3rPh1ll tweeted “#ethereum miner need a base price of $14 US to be profitable which is nearly 40% higher than the current price $ETH”. Ether and TheDAO lost millions in market capitalization because of a software program coding mistake. This led to some market observers dubbing the ether smart contracts as “dumb contracts”.

eth-news-mining

More than one trader has griped about the Ethereum Foundation management which failed to separate itself from TheDAO. The lack of separation resulted in both ether and TheDAO losing substantial market value, instead of just TheDAO. Currently ether is down -32.19% on the month.

Price change

Price change is the percentage change within the period:

period change
day 6.03%
week 6.57%
month -32.19%

Chart

Tap or click chart to enlarge:

chart-eth-btc-poloniex-2016-07-14

Data source

Poloniex is the data source for this market report.

Market capitalization

Market capitalization is the total $US dollar value of the Ethereum market calculated using the formula:

market cap = ( available supply x last price )
Market cap Available supply Last price
$ 912,440,995 81980323 $ 11.13

Daily High Low

daily high 0.01719078
daily low 0.01552086

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 0.01552086
week 0.01550000
biweekly 0.01415000
month 0.01243657

Resistance

Resistance is the highest price within the period:

period resistance
day 0.01719078
week 0.01750000
biweekly 0.01899506
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 0.00166992
week 0.00103998
month -0.00801096

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Ethereum is up 6.03% on the day, up 6.57% on the week and down -32.19% on the month. The weekly trend is mixed. ETH/BTC saw weekly support at 0.01550000 and weekly resistance at 0.01750000. 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 Thursday July 14 2016 16:55 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

Thanks for reading! 🙂

Tags

Ethereum, 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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