Ethereum Market Report: ETH/BTC Recovers from 0.01353

Brief:


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

0.02000270 ETH/BTC

$USDT

last price $ 11.57
one week ago $ 11.12
percentage 4.05%

Volume

Volume

The 24 hour volume on Poloniex is 4532.21470057 BTC or 228504.67025834 ETH.

Remarks

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.

Top 10 volume mover
volume-mover-top-ten

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.

Website
https://www.ethereum.org/

Price change

Price change is the percentage change within the period:

period change
day 0.36%
week 7.34%
month 10.43%

Chart

Tap or click chart to enlarge:

chart-eth-btc-2016-08-14 Zoom: 2 weeks, Candlesticks: 2 hr.

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
$ 959,894,880 82964121 $ 11.57

Daily High Low

daily high 0.02010000
daily low 0.01958901

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 0.01958901
week 0.01812100
biweekly 0.01353001
month 0.01353001

Resistance

Resistance is the highest price within the period:

period resistance
day 0.02010000
week 0.02129990
biweekly 0.02129990
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 0.00051099
week 0.00136856
month 0.00188962

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

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.

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 August 14 2016 09:58 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

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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