Ethereum Market Report: ETH/BTC Up 6.12% on the Month

Brief:


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

0.01896799 ETH/BTC

$USD

last price $ 12.00
one week ago $ 12.77
percentage -6.03%

Volume

Volume

The 24 hour volume on Poloniex is 16117.45821191 BTC / 852239.22419758 ETH.

Remarks

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.

Market capitalization
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.

Coins Sorted by Change % Descending
change

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
http://allcoinsnews.com/2016/07/28/ethereum-classic-market-report-bitfinex-launches-etc-pairs-with-3-3x-margin/

Price change

Price change is the percentage change within the period:

period change
day -0.47%
week -0.95%
month 6.12%

Chart

Tap or click chart to enlarge:

Ethereum: July 31 2016
chart-poloniex-eth-btc-2016-07-31

Ethereum Classic: July 31 2016
chart-poloniex-etc-btc-2016-07-31

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
$ 990,381,804 82531817 $ 12.00

Daily High Low

daily high 0.01974999
daily low 0.01799723

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 0.01799723
week 0.01760000
biweekly 0.01618000
month 0.01415000

Resistance

Resistance is the highest price within the period:

period resistance
day 0.01974999
week 0.02125000
biweekly 0.02289828
month 0.02289828

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 0.00175276
week -0.00018264
month 0.00109443

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

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.

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 Sunday July 31 2016 22:12 hours UTC. Contact KittyBitcoin to request custom reports.

Thanks for reading! 🙂

Tags

Ethereum, ETH/BTC, ETCBTC, 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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