Ethereum Market Report: ETH/BTC Recovers from 0.01353
Ethereum is up 0.36% on the day, up 7.34% on the week and up 10.43% on the month on a last price of 0.02000270. ETH/BTC is trading between a 24hr high of 0.02010000 and a 24hr low of 0.01958901 on a 24hr volume of 4532 BTC or 228504 ETH. The weekly trend is mixed.
|last price||$ 11.57|
|one week ago||$ 11.12|
Two week snapshot
This is a two week snapshot which sees ether in an upwards price trend until August 10 after which the price fell off to 0.0196 on the eleventh, then has largely traded sideways since. The sideways range is roughly 0.0196 to 0.0204 BTC which historically speaking for ether is a relatively small window.
Monthly low of 0.01353001
Preceeding the climb was a monthly low of 0.01353001 which saw ETH traded for ETC from the new renegade ether chain. Of the ETC pair variants the new ETCBTC has consistently outperformed the old ETH in trading volume. With trading eyes fixed firmly on ETC the Ethereum Foundation now has a breather to rectify recent setbacks within their own ETH program.
ETHBTC has been a Poloniex top ten volume mover since its launch. The graphic shows ETH in third overall but outperformed by ETC and MAID. Maid had fallen off about 12% on the day and was seeing traders dumping their coin, perhaps in a short, followed by bargain hunters looking to ride the wave back up.
The fact that this report’s ether last price is above 0.0200 is a positive note to move forward on.
Price change is the percentage change within the period:
Poloniex is the data source for this market report.
Market capitalization is the total $US dollar value of the Ethereum market calculated using the formula:
|Market cap||Available supply||Last price|
|$ 959,894,880||82964121||$ 11.57|
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 neutral.
Ethereum is up 0.36% on the day, up 7.34% on the week and up 10.43% on the month. The weekly trend is mixed. ETH/BTC saw weekly support at 0.01812100 and weekly resistance at 0.02129990. Market sentiment is neutral.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Sunday August 14 2016 09:58 hours UTC. Contact KittyBitcoin to request custom reports.
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