Ethereum Market Report: $ETH Up 37.04% on the Month

Brief:


Ether has seen wide price fluctuation this month. Ethereum is down -5.09% on the day, down -2.82% on the week and up 37.04% on the month on a last price of 0.11758312 or about $298.42. $ETH/BTC is trading between a 24hr high of 0.12649999 and a 24hr low of 0.11354683 on a 24hr volume of 53,174 BTC. The weekly trend is mixed.

Last price

0.11758312 $ETH/BTC

$USD

last price $ 298.42
one week ago $ 307.07
percentage -2.82%

Remarks

Ether has seen wide price fluctuation this month. ETH/BTC has varied from a monthly high of 0.15296640 or about $ 388.22 to a monthly low of 0.08228378 or about $208.83. That’s a range of $179.39 in the month. [US dollar values are converted using current bitcoin market values.]

While ether is down -5.09% on the day and down -2. 82% on the week, $ETH has still managed to be up 37.04% on the month. So despite the day and week’s setbacks overall ether is still in good shape, pricewise.

Part of the reason for the price slide is network inadequacies in which ether deposits and withdrawls are bottlenecked and not processed as fast as users might like. One user reported days in wait for thousands of dollars of ether. Others voiced concern in the industry and the price suffered.

The world’s largest ether exchange, Poloniex.com, posted a notice taking ether deposits and widthdrawls offline. This was “Posted by MobyDick at 2017-06-22” and there has been no apparent resumption.

Ether has a lot going for it, but if you’re looking at moving coin, don’t plan on doing it quickly with ether.

Ether Volume
This chart shows ether daily volume on Poloniex:

The highest monthly volume was on June 12 2017 when 181,655 BTC of ether changed hands – this is just on Poloniex alone. Today’s value of that volume is about $452,320,995 which is close to half a billion dollars of ether. That’s one day on one exchange.

BTCC Launches New Exchange with Ethereum Classic
Industry bitcoin stalwart BTCC announced the launch of a new exchange called BTCC DAX. It will begin trading bitcoin in Ether Classic ($ETC) in an all crypto to crypto venture:

We are seeing more crypto operators turn their back on fiat and it’s problematic AML/KYC regulations in favor of the relatively carefree crypto to crypto transactions. ShapeShift.io recognized the potential of crypto to crypto early on.

Tracking Ether vs. Bitcoin
Here’s a glimpse of what bitcoin and ether look like stacked together:

There are some similarities but also diametrically opposite price movements.

Ether Market Reports
Browse $ETH dynamics with our Ethereum Market Report collection:

Ethereum Market Reports

XBTLivePrice
Here are Bitcoin spot prices at print time:

Ether / BTC Market Share by Exchange

The top five include Poloniex, Kraken, Bittrex, Bitfinex and Gemini.

Ether by Currency
This chart shows the volume of ether by currency:

The highest volume is in Korean won, followed by US dollars and then BTC.

Both charts are courtesy of CryptoCompare.com

Altcoin Market Reports
We publish recent and topical Market Reports on many altcoins. Browse our comprehensive collection of Altcoin Market Reports.

Price change

Price change is the percentage change within the period:

period change
day -5.09%
week -2.82%
month 37.04%

Featured Chart

Tap or click chart to enlarge:

Data source

Poloniex is the data source for this market report – except as noted.

Market capitalization

Market capitalization is the total $US dollar value of the Ethereum market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 27,709,849,679
Circulating supply 92,855,203
Last price $ 298.42
Circulating supply data courtesy of CoinMarketCap.com.

Daily High Low

daily high 0.12649999
daily low 0.11354683

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 0.11354683
week 0.09266236

Resistance

Resistance is the highest price within the period:

period resistance
day 0.12649999
week 0.12649999

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 0.01295316
week -0.00340788

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Ether has seen wide price fluctuation this month. Ethereum is down -5.09% on the day, down -2.82% on the week and up 37.04% on the month. The weekly trend is mixed. $ETH/BTC saw weekly support at 0.09266236 and weekly resistance at 0.12649999. 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 Thursday June 29 2017 22:58 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