Ethereum

Ethereum Market Report: $ETH Down -32.39% on the Month

Ethereum is down -6.18% in 24 hours, down -12.07% on the week and down -32.39% on the month on a last price of 0.04701000 BTC or about $302.93.
Ethereum is down -6.18% in 24 hours, down -12.07% on the week and down -32.39% on the month on a last price of 0.04701000 BTC or about $302.93.

Brief:


Ethereum is down -6.18% in 24 hours, down -12.07% on the week and down -32.39% on the month on a last price of 0.04701000 BTC or about $302.93. The Ethereum marketcap is $28,914,130,496 with a circulating supply of 95,448,224 $ETH. $ETH/BTC is trading between a 24hr high of 0.05062875 ($326.25) and a 24hr low of 0.04685701 ($301.94) on a 24hr Poloniex volume of 3,670 BTC. In moderate volume trading the weekly trend is down.

Last price

0.04701000 $ETH/BTC

$USD

last price $ 302.93
one week ago $ 344.50
percentage -12.07%

Volume

Volume

$ETH 24 hour volume
BTC 3,670 BTC
all $ETH currencies 57,202 BTC

The 24 hour volume for $ETH/BTC on Poloniex is 3,670 BTC. This volume weight is moderate when compared with Poloniex daily trading levels for $ETH over the last month.

The total 24 hour volume for all reporting $ETH markets is 57,202 BTC.

Market Share

The Poloniex currency pair $ETH/BTC is 6.42% of all $ETH traded in twenty-four hours. Poloniex is third in market share. Korean exchange Bithumb is the world leader in ether volume (10.84%) followed by Bitfinex (7.11%).

Top Ten Ether Exchanges: One Day Volume

data courtesy CoinMarketCap.com

Remarks

Ethereum is down -6.18% in 24 hours, down -12.07% on the week and down -32.39% on the month on a last price of 0.04701000 or about $302.93. The Ethereum marketcap is $28,914,130,496 with a circulating supply of 95,448,224 $ETH. $ETH/BTC is trading between a 24hr high of 0.05062875 ($326.25) and a 24hr low of 0.04685701 ($301.94) on a 24hr Poloniex volume of 3,670 BTC. In moderate volume trading the weekly trend is down.

The mid month report saw ether up by 9.36% in twenty-four hours. Its a different story today with a botched development upgrade patched by a hasty fix and rolled out with inadequate testing.

With software it is not enough that the product is leading edge. It needs to be methodically upgraded in bite sized increments not too large to swallow. The consumer market (for ethereum) needs to be taken into account with new code ruthlessly tested well before its release, and with sufficient lead time for the market to synchronize with the new code. Even if one characteristic of the new code is problematic it immediately casts an unfavorable light on the entire release. Leading edge can become bleeding edge so quickly.

The failures are reflected in today’s price and the investor signaled downtrend.

CoinMarketCap.com YTD Chart

One Day Candles

Browse Ethereum Collection

Learn about the unique characteristics of $ETH. Browse our collection of Ethereum Market Reports.

Wednesday November 01 2017 Bitcoin Background

Altcoins such as Ethereum may show a relationship with bitcoin (BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of Bitcoin
24 Hours of #Bitcoin
4.78% price $6,437.38
vol $2,448,240,000
mktcap $107,228,320,581
16.66M #XBT 04:08 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Altcoin Market Reports
We publish topical Market Reports on many altcoins. Browse our extensive collection of Altcoin Market Reports.

Price change

Price change is the $ETH percentage change within the period:

period change
day -6.18%
week -12.07%
month -32.39%

Highlight Chart

Poloniex: Two Hour Candles
Tap / click to enlarge:

Data source

Poloniex is the main data source for this report. Other sources are credited where used.

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 $ 28,914,130,496
Circulating supply 95,448,224
Last price $ 302.93
Circulating supply data courtesy of CoinMarketCap.com.

Daily High Low

daily high 0.05062875
daily low 0.04685701

Trend

The weekly trend is down.

trend is DOWN

Resistance

Resistance is the highest price within the period:

period resistance
day 0.05062875
week 0.05430000

Support

Support is the lowest price within the period:

period support
day 0.04685701
week 0.04685701

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

Ethereum is down -6.18% in 24 hours, down -12.07% on the week and down -32.39% on the month on a last price of 0.04701000 BTC or about $302.93. The Ethereum marketcap is $28,914,130,496 with a circulating supply of 95,448,224 $ETH. $ETH/BTC saw weekly resistance at 0.05430000 ($349.91 ) and weekly support at 0.04685701 ($301.94 ). Market sentiment is bearish. The weekly trend is down in moderate volume trading.

Analytic Strategy: Objective Analysis

Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.

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 Wednesday November 01 2017 04:00 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Coming soon

Thanks for reading! 🙂

Tags

Ethereum, $ETH, BTC, Poloniex, Market, Report, $ETH/BTC

@KittyBitcoin supplies mobile friendly blockchain intelligence on http://kittybitcoin.com. Their favorite color is pink and the bigger the wool ball the better.
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