Ethereum Classic Market Report: ETC/BTC Drops -21.20% on the Week
Ethereum Classic is down -4.87% on the day, down -21.20% on the week and down -12.41% on the month on a last price of 0.00219992. ETC/BTC is trading between a 24hr high of 0.00235498 and a 24hr low of 0.00218480 on a 24hr volume of 5469 BTC or 2417851 ETC. The weekly trend is down.
|last price||$ 1.26|
|one week ago||$ 1.64|
Ether Classic is down -21.20% on the week on a longer downtrend. This is somewhat reminiscent of the darker days of ETH when it plunged almost out of sight in a sea of red candles earlier this summer.
Looking at the monthly zoom, we see the downward trend is prolonged:
The downtrend began on August 03 2016 just after the all time high peaked at 0.00638000. The deeper plunge lasted six days and found support at 0.00274. After a brief respite the trend downward continued to this day where we see a last price of 0.00219992. We saw considerable daily price fluctuation – and without the potential of blindside shorts – throughout the trend. The volume has remained highly liquid, and is one of the consistently higher Poloniex digital asset trading volumes.
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Price change is the percentage change within the period:
Poloniex is the data source for this market report.
Market capitalization is the total $US dollar value of the Ethereum Classic market calculated using the formula:
|Market cap||Available supply||Last price|
|$ 105,115,892||83425311||$ 1.26|
Daily High Low
The weekly trend is down.
Support is the lowest price within the period:
Resistance is the highest price within the period:
The data source Poloniex does NOT offer margin trading on this digital asset.
Range is the difference in price within the period:
Market sentiment is bearish.
Ethereum Classic is down -4.87% on the day, down -21.20% on the week and down -12.41% on the month. The weekly trend is down. ETC/BTC saw weekly support at 0.00218480 and weekly resistance at 0.00289164. Market sentiment is bearish.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Monday August 29 2016 17:21 hours UTC. Contact KittyBitcoin to request custom reports.
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