Ethereum Market Report: ETH/BTC up 35.42% on the Week

Brief:


Ethereum is down -0.76% on the day, up 35.42% on the week and up 3.24% on the month on a last price of 0.05267739. ETH/BTC is trading between a 24hr high of 0.05450000 and a 24hr low of 0.04965219 on a 24hr volume of 51769 BTC / 984473 ETH. The weekly trend is up.

Last price

0.05267739 ETH/BTC

$USD

last price $ 71.24
one week ago $ 52.61
percentage 35.41%

Volume

Volume

The 24 hour volume on Poloniex is 51769.37842956 BTC / 984473.69757549 ETH.

Remarks

Ether is rallying again peaking today April 29 2017 at 0.0545 BTC. The rally high to date came hard on the heels of the month’s highest volume on April 28 where 81,125 BTC of ether changed hands. The rally so far is short, beginning in earnest only three days ago on April 26, however we may not have seen the last yet. Here is what the peak looked like on CoinMarketCap.com:

CoinMarketCap.com ETH

Discrepancies in data reporting between Poloniex and CoinMarketCap show different all time highs.

The Poloniex all time high of 0.05789989 ETH/BTC was set on March 24 2017. Read all about it here.

One Month Chart
The Poloniex one month chart shows us the last thirty days of ether fluctuation:

XBT LivePrice
The ether rally comes surprisingly on record bitcoin prices:

The current volatility of bitcoin is evident in the $135 plus spread between major exchanges.

EthereumWisdom.com
EthereumWisdom’s handy price and volume summary shows ether’s top exchanges in the popular ETH/BTC pair, as well as the top five ETH/USD:

The chart also doubles as a market share leader board.

Poloniex is far and away the predominant ether exchange while many new ones have sprung up, and competition is aplenty in the developing ether market.

Weekly Detail
Zoom in for weekly ether price and volume detail on the Featured Chart.

Browse Historical Archive
Gain insight into the history and unique characteristics of ether. Browse our extensive collection of Ethereum Market Reports available in the popular ETH/BTC pair. Classic Ethereum reports also available.

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Take a look at our comprehensive altcoin archive. There’s a coin for everyone.

Ether Short Term Outlook
The short term outlook for ether is bullish. Historically, ether has been full of surprises including dynamic breathtaking rallies. Look for the present rally to continue and possibly set new highs.

Price change

Price change is the percentage change within the period:

period change
day -0.76%
week 35.42%
month 3.24%

Featured Chart

Tap or click chart to enlarge:

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 $ 6,494,511,320
Available supply 91163831
Last price $ 71.24

Daily High Low

daily high 0.05450000
daily low 0.04965219

Trend

The weekly trend is up.

trend is UP

Support

Support is the lowest price within the period:

period support
day 0.04965219
week 0.03830000
biweekly 0.03627659
month 0.03343000

Resistance

Resistance is the highest price within the period:

period resistance
day 0.05450000
week 0.05450000
biweekly 0.05450000
month 0.05450000

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 0.00484781
week 0.01377775
month 0.00165507

Market sentiment

Market sentiment is bullish.

sentiment bullish

Image courtesy Pixabay.com

Summary

Ether is on a rally peaking at 0.0545 BTC. Ethereum is down -0.76% on the day, up 35.42% on the week and up 3.24% on the month. The weekly trend is up. ETH/BTC saw weekly support at 0.03830000 and weekly resistance at 0.05450000. Market sentiment is bullish.

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 April 29 2017 19:26 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

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