Ethereum Market Report: ETH/BTC Up 2.06% on the Week

Brief:


Ethereum is down -0.95% on the day, up 2.06% on the week and down -3.06% on the month on a last price of 0.01127033. ETH/BTC is trading between a 24hr high of 0.01146204 and a 24hr low of 0.01121032 on a 24hr volume of 1559 BTC or 137953 ETH. The weekly trend is mixed.

Last price

0.01127033 ETH/BTC

$USD

last price $ 11.27
one week ago $ 11.04
percentage 2.08%

Volume

Volume

The 24 hour volume on Poloniex is 1559.74604730 BTC or 137953.29477951 ETH.

Remarks

There appears to be a fairly strong correlation between the significant downward bitcoin price and upward price of ether. The correlation appears to be more of a loose event factor than a tight price factor:

Bitcoin One Week Chart
chart-btc-usdt-1week-2hour-2017-02-13

On February 09 2017 we saw bitcoin fall from a high of $1077.99 to a low of $898.18 in one day of trading including the week’s highest volume.

Ether One Week Chart
chart-eth-btc-1week-2hour-2017-02-13

The corresponding one week two hour candle ether chart shows a price spike on February 09 also the week’s highest volume. When you switch to one day candles we see that ether also enjoyed an extra boost upwards, despite the fact that the same period saw bitcoin rise in price again to over $1000.

One Day Candles
Below we see ether get a second day price lift out of the bitcoin fall from the previous day. Bitcoin partly rebounds but ether is already bouyed. The correction for ether comes on February 11 which is two days after the initial ether surge – and two consecutive days of bitcoin increase.

chart-ether-one-day-candles-2017-02-13 chart-bitcoin-one-day-candles-2017-02-13

Zoom into a four day snapshot in 30 minute candles with our Featured Chart.

Price change

Price change is the percentage change within the period:

period change
day -0.95%
week 2.06%
month -3.06%

Featured Chart

Tap or click chart to enlarge:

Four Day Snapshot, 30 Minute Candles
chart-eth-btc-4days-30minute-2017-02-13

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 $ 1,001,323,553
Available supply 88848585
Last price $ 11.27

Daily High Low

daily high 0.01146204
daily low 0.01121032

Trend

The weekly trend is mixed.

trend is MIXED

Margin trading

yes

The data source Poloniex offers margin trading on this digital asset.

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Ethereum is down -0.95% on the day, up 2.06% on the week and down -3.06% on the month. The weekly trend is mixed. ETH/BTC saw weekly support at 0.01060703 and weekly resistance at 0.01158822. 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 Monday February 13 2017 22:27 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

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Tags

Ethereum, 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