Ethereum Classic Market Report: ETC/BTC Down -7.34% on the Month
Ethereum Classic is up 1.45% on the day, up 3.85% on the week and down -7.34% on the month on a last price of 0.00206612. ETC/BTC is trading between a 24hr high of 0.00211159 and a 24hr low of 0.00196002 on a 24hr volume of 1556 BTC or 757568 ETC. The weekly trend is mixed.
|last price||$ 01.24|
|one week ago||$ 01.19|
The predominant Featured Chart aspect for ETC/BTC during September were the price troughs. Ethereum Classic spent most of the month on a persistent downtrend with some exceptions. The exceptions were downtrend corrections seen four or five times. We saw bottoming prices on September 4, 09, 14, 22 and 27 – with the latest dip down to 0.00189400. This wasn’t far from the monthly low of 0.00185.
The two week chart looks a bit better – but not much – with the overall trend still down. There was no chance to short as Poloniex didn’t offer margin trading on this digital asset – and if it did we could have seen even lower prices.
There were several opportunities to make significant long gains and these were September’s redeeming features for this digital asset.
The 0.00206 price saw considerable support and resistance form around it during the month. This didn’t stop Ethereum Classic from sinking where we currently find it.
Volume has been off lately but still in the top five of BTC based digital assets on Poloniex.
Overall it was a disappointing September 2016 for Ethereum Classic but with some redeeming features.
Price change is the percentage change within the period:
Poloniex is the data source for this market report.
Market capitalization is the total $US dollar value of the Ethereum Classic market calculated using the formula:
|Market cap||Available supply||Last price|
|$ 104,631,025||84379859||$ 01.24|
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 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 up 1.45% on the day, up 3.85% on the week and down -7.34% on the month. The weekly trend is mixed. ETC/BTC saw weekly support at 0.00188510 and weekly resistance at 0.00226966. Market sentiment is bearish.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Thursday September 29 2016 23:33 hours UTC. Contact KittyBitcoin to request custom reports.
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