Ethereum Market Report: Ether Reaches $8 Billion in Market Cap
Ether is over eight billion dollars in market capitalization. Ethereum is down -0.33% on the day, down -16.95% on the week and up 17.66% on the month on a last price of 0.04958993 or $87.54. ETH/BTC is trading between a 24hr high of 0.05009717 and a 24hr low of 0.04831000 on a 24hr volume of 8,356 BTC or 169,153 ETH. The weekly trend is sideways.
|last price||$ 87.72|
|one week ago||$ 105.62|
Ether is over eight billion dollars in market capitalization. The threshold came with a new all time high (ATH) of 0.06327659 BTC on Poloniex – or $111.70 at current bitcoin rates. CoinMarketCap reports a top price of $97.56 on May 04 2017. Different exchanges and data sources typically use their own data which results in some variance:
CoinMarketCap All Time Chart
CoinMarketCap.com reports the new ATH:
The news is all good for ether as the market cap climb places it in a position where bitcoin was poised not so long ago.
One Month Chart
The new ATH on May 04 came on a heavy volume of 67,251 BTC. This was not the highest volume. We saw higher volumes on several other days including April 28, May 01, May 05 and May 09 2017:
We did see some price correction from May 07 through to May 11 2017 and there was a lot of red in the candles. However this has since ended. From May 12 onward we’ve seen a relatively sideways price movement.
One Month in Daily Candles
This chart illustrates daily ether volume:
The weekly chart in two hour candles provides more detail on this week’s movement.
There may be a lot of wisdom in ether investing with a last price of $88.49:
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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 $US dollar value of the Ethereum market calculated using the formula:
|Market cap||$ 8,035,639,899|
|Last price||$ 87.72|
Daily High Low
The weekly trend is sideways.
Support is the lowest price within the period:
Resistance is the highest price within the period:
The data source Poloniex offers margin trading on this digital asset.
Range is the difference in price within the period:
Market sentiment is neutral.
Ether has reached over eight billion dollars in market capitalization. Ethereum is down -0.33% on the day, down -16.95% on the week and up 17.66% on the month. The weekly trend is sideways. ETH/BTC saw weekly support at 0.03864820 and weekly resistance at 0.06105712. Market sentiment is neutral.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Sunday May 14 2017 18:49 hours UTC. Contact KittyBitcoin to request custom reports.
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