Ethereum Market Report: Ether Reaches $8 Billion in Market Cap

Brief:


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

0.04958993 ETH/BTC

$USD

last price $ 87.72
one week ago $ 105.62
percentage -16.95%

Volume

Volume

The 24 hour volume on Poloniex is 8356.55787843 BTC or 169153.47531164 ETH.

Remarks

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.

EthereumWisdom
There may be a lot of wisdom in ether investing with a last price of $88.49:

XBT LivePrice
BTC has peaked at over $1900 per bitcoin on Poloniex recently. Today the price has eased off a little:

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Price change

Price change is the percentage change within the period:

period change
day -0.33%
week -16.95%
month 17.66%

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 $ 8,035,639,899
Available supply 91605562
Last price $ 87.72

Daily High Low

daily high 0.05009717
daily low 0.04831000

Trend

The weekly trend is sideways.

trend is SIDEWAYS

Support

Support is the lowest price within the period:

period support
day 0.04831000
week 0.03864820
biweekly 0.03864820
month 0.03627659

Resistance

Resistance is the highest price within the period:

period resistance
day 0.05009717
week 0.06105712
biweekly 0.06310000
month 0.03627659

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 0.00178717
week -0.01011963
month 0.00744295

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

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.

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 Sunday May 14 2017 18:49 hours UTC. Contact KittyBitcoin to request custom reports.

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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

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