Ethereum Market Report: $ETH Up 37.04% on the Month
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. $ETH/BTC is trading between a 24hr high of 0.12649999 and a 24hr low of 0.11354683 on a 24hr volume of 53,174 BTC. The weekly trend is mixed.
|last price||$ 298.42|
|one week ago||$ 307.07|
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.
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:
Here are Bitcoin spot prices at print time:
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 is the percentage change within the period:
Poloniex is the data source for this market report – except as noted.
Market capitalization is the total $US dollar value of the Ethereum market calculated using the formula:
|Market cap||$ 27,709,849,679|
|Last price||$ 298.42|
Daily High Low
The weekly trend is mixed.
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 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.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Thursday June 29 2017 22:58 hours UTC. Contact KittyBitcoin to request custom reports.
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