Ethereum Market Report: ETH/BTC Up 6.12% on the Month
Ethereum is down -0.47% on the day, down -0.95% on the week and up 6.12% on the month on a last price of 0.01896799. ETH/BTC is trading between a 24hr high of 0.01974999 and a 24hr low of 0.01799723 on a 24hr volume of 16117 BTC / 852239 ETH. The weekly trend is mixed.
|last price||$ 12.00|
|one week ago||$ 12.77|
Which is the dominant ether pair?
With hard fork breakaway chain Ethereum Classic (ETCBTC) continuing to significantly exceed the original Ethereum chain (ETHBTC) in day to day volume, it is difficult to definitively state that this ether report is THE ether report. Volumes of both ether pairs are illustrated below.
In terms of price ETHBTC remains the higher value asset with a market cap of $ 991,157,606 – almost a billion dollars. In contrast, ETCBTC has a market cap of $ 153,482,281 according to coinmarketcap.com.
With ETH/BTC up only 6.12% on the month other altcoins could become more attractive, such as MMNXT up over 216% on 24 hours yesterday, and various other coins which post daily increases of much more than 6.12% on the month. For example, the attached image verifies that seventeen altcoins had higher daily returns on July 31 2016 than the monthly return on ETH. However, this does not account for potential multiple trades of ETH during the period.
Ethereum Classic (ETCBTC) was up 20.60% on the day.
Browse the latest ETCBTC report
Price change is the percentage change within the period:
Poloniex is the data source for this market report.
Market capitalization is the total $US dollar value of the Ethereum market calculated using the formula:
|Market cap||Available supply||Last price|
|$ 990,381,804||82531817||$ 12.00|
Daily High Low
The weekly trend is mixed.
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.
Ethereum is down -0.47% on the day, down -0.95% on the week and up 6.12% on the month. The weekly trend is mixed. ETH/BTC saw weekly support at 0.01760000 and weekly resistance at 0.02125000. Market sentiment is bearish.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Sunday July 31 2016 22:12 hours UTC. Contact KittyBitcoin to request custom reports.
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