Ethereum

Ethereum Market Report: ETH/BTC Sets New All Time High

Brief:


Ethereum has set a new all time high and is down -16.73% on the day, up 81.74% on the week and up 168.10% on the month on a last price of 0.03321509. ETH/BTC is trading between a 24hr high of 0.04200000 and a 24hr low of 0.03330000 on a 24hr volume of 68136 BTC or 1818321 ETH. The weekly trend is mixed.

Last price

0.03321509 ETH/BTC

$USD

last price $ 31.53
one week ago $ 17.35
percentage 81.73%

Volume

Volume

The 24 hour volume on Poloniex is 68136.15742147 BTC or 1818321.71492698 ETH.

Remarks

Ethereum is down -16.73% on the day, up 81.74% on the week and up 168.10% on the month after setting a new all time high (ATH). The ATH was set on Friday, March 17 2017 and reached 0.04740000 BTC per ether. The daily volume was reported as 130,148 BTC of ether.

Trading was brisk and was observed to overload serving capability with several failed transactions noted on an otherwise robust serving network. At one point over 13,000 traders were online at the same time on Poloniex.com. Poloniex is the largest ether exchange in the world.

The rally kicked off in earnest on March 10 2017 on a daily volume of 21,942 BTC and a price of just 0.01644271 BTC. On Thursday March 16 the volume was 112,142 BTC of ether and the next day on Friday the highest volume of 130,148 BTC was reached. Today Saturday the volume is down to 72,664 BTC while the price is down substantially from the daily high of 0.04200000. This indicates either the end of the rally, or a lull before the next push upwards. It’s too soon to tell – and volume is still heavy for this digital asset.

Bitcoin Price
Bitcoin has been continuing its drop in price after reaching a recent all time high. Here is the XBTLivePrice at press time:
xbtliveprice-2017-03-18

You’d have to go back over a month to February 12 2017 to find bitcoin in a sub 1000 price. On that date bitcoin traded at $984.

One Month Chart
The one month chart shows the rally taking off in earnest around March 10 2017 however smaller gains were made earlier:

chart-eth-btc-1month-4hour-2017-03-18

Browse Historical Collection
Gain insight into this digital asset. Browse our comprehensive archive of Ethereum Market Reports in ETH/BTC – the world’s most popular ether trading pair [opens in new tab].

Also available, our Ethereum Market Report in ETC/BTC – Classic Ethereum [opens in new tab].

Review the latest weekly ether price and volume detail with the Featured Chart.

Price change

Price change is the percentage change within the period:

period change
day -16.73%
week 81.74%
month 168.10%

Featured Chart

Tap or click chart to enlarge:

chart-eth-btc-1week-2hour-2017-03-18

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 $ 2,834,030,003
Available supply 89883603
Last price $ 31.53

Daily High Low

daily high 0.04200000
daily low 0.03330000

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 0.03330000
week 0.01784000
biweekly 0.01382688
month 0.01062800

Resistance

Resistance is the highest price within the period:

period resistance
day 0.04200000
week 0.04740000
biweekly 0.04740000
month 0.04740000

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 0.00870000
week 0.01493882
month 0.02082580

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Ethereum is down -16.73% on the day, up 81.74% on the week and up 168.10% on the month. The weekly trend is mixed. ETH/BTC saw weekly support at 0.01784000 and weekly resistance at 0.04740000. 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 Saturday March 18 2017 23:35 hours UTC. Contact KittyBitcoin to request custom reports.

Thanks for reading! 🙂

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

@KittyBitcoin supplies mobile friendly blockchain intelligence on http://kittybitcoin.com. Their favorite color is pink and the bigger the wool ball the better.
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