Ethereum

Ethereum Market Report: $ETH Has Favorable Month & Year

Brief:


Ethereum has seen a huge year of growth in 2017 with December another favorable month. Ethereum is up 6.26% in 24 hours, up 12.30% on the week and up 23.76% on the month on a last price of 0.054062 BTC or about $705.45. The Ethereum marketcap is $68,184,767,470 with a circulating supply of 96,654,288 $ETH. $ETH/BTC is trading between a 24hr high of 0.055301 BTC ($721.62) and a 24hr low of 0.050000 BTC ($652.45) on a 24hr Binance volume of 20,156 BTC. In multi-day heavy volume trading the weekly trend is mixed.

Last price

0.054062 $ETH/BTC

$USD

last price $ 705.45
one week ago $ 628.17
percentage 12.30%

Volume

Volume

$ETH 24 hour volume
BTC 20,156 BTC
all $ETH currencies 211,193 BTC

The 24 hour volume for $ETH/BTC on Binance is 20,156 BTC. This volume weight is heavy when compared with Binance daily trading levels for $ETH over the last month.

Ether on Binance has seen heavy trading since about the eleventh of the month with each day seeing similar heavy volume trading up to and including today.

The total 24 hour volume for all reporting $ETH markets is 211,193 BTC.

Market Share

The Binance currency pair $ETH/BTC is 9.54% of all $ETH traded in twenty-four hours. After Binance, Bitfinex, ETHFinex, GDAX, Bithumb and OKEx hold roughly 5% to 3% each of market share today.

Market Share by Exchange (CryptoCompare.com)

Market Share by Currency (CrytoCompare.com)

Currently BTC has highest share however it wasn’t that long ago when USD was the largest currency ether traded in. Poloniex kicked it all off with their huge support of ether and their BTC pair was the most popular for a lengthy period. Today Binance has captured most ETH share and today is over nine percent of the market.

Remarks

Ethereum has seen a huge year of growth in 2017 with December another favorable month. Ethereum is up 6.26% in 24 hours, up 12.30% on the week and up 23.76% on the month on a last price of 0.054062 or about $705.45. The Ethereum marketcap is $68,184,767,470 with a circulating supply of 96,654,288 $ETH. $ETH/BTC is trading between a 24hr high of 0.055301 ($721.62) and a 24hr low of 0.050000 ($652.45) on a 24hr Binance volume of 20,156 BTC. In heavy volume trading the weekly trend is mixed.

CoinMarketCap reports $ETH started 2017 at the lowly price of $7.98. That’s no typo, ether was much less than ten dollars. Today they report ether at $704.07. 2017 was a good year for Ethereum.

The even better news is that ether is well poised to overtake bitcoin. Smart contracts and other ether features have the potential to fundamentally change core economics. This is evident with the plethora of ether based tokens exploding onto the market. At ether’s current price it is a bargain for what it could be at the end of another twelve months.

One Year Chart

Courtesy CoinMarketCap.com

Binance One Day Candles

Poloniex One Day Candles

Browse Ethereum Collection

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

Saturday December 30 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
-9.46% price $13,310.20
vol $15,087,400,000
mktcap $223,240,005,420
16.77M #XBT 20:19 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday December 29

Two Days Ago: December 28 2017

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 6.26%
week 12.30%
month 23.76%

Highlight Chart

Tap / click to enlarge:

Ethereum has seen a huge year of growth in 2017 with December another favorable month. Ethereum is up 6.26% in 24 hours, up 12.30% on the week and up 23.76% on the month on a last price of 0.054062 BTC or about $705.45.
Ethereum has seen a huge year of growth in 2017 with December another favorable month. Ethereum is up 6.26% in 24 hours, up 12.30% on the week and up 23.76% on the month on a last price of 0.054062 BTC or about $705.45.

Data source

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

Website: https://www.binance.com/

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 $ 68,184,767,470
Circulating supply 96,654,288
Last price $ 705.45
Circulating supply data courtesy of CoinMarketCap.com.

Daily High Low

daily high 0.055301
daily low 0.050000

Trend

The weekly trend is mixed.

We’ve seen heavy volume trading for weeks. The last three days have ended in green candles. The 24 hour high is also the weekly high. These indicators suggest the price will go higher in the short term.

trend is MIXED

Resistance

Resistance is the highest price within the period:

period resistance
day 0.055301
week 0.055301

Support

Support is the lowest price within the period:

period support
day 0.050000
week 0.046282

Market sentiment

Market sentiment is neutral. However, with the high volume and three day price trending upwards the market sentiment is bordering on bullish.

sentiment neutral

Image courtesy Pixabay.com

Summary

Ethereum has seen a huge year of growth in 2017 with December another favorable month. Ethereum is up 6.26% in 24 hours, up 12.30% on the week and up 23.76% on the month on a last price of 0.054062 BTC or about $705.45. The Ethereum marketcap is $68,184,767,470 with a circulating supply of 96,654,288 $ETH. $ETH/BTC saw weekly resistance at 0.055301 BTC ($721.62) and weekly support at 0.046282 ($603.93). Market sentiment is neutral but bordering on bullish. The weekly trend is mixed in multi-day heavy volume trading. Based on the last twelve months of performance, despite the development fiascos, and because of the programmed characteristics of this token contrasted with bitcoin, ether is a bargain at today’s price.

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 Saturday December 30 2017 20:04 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Thanks for reading! 🙂

Tags

Ethereum, $ETH, BTC, Binance, Market, Report, $ETH/BTC, altcoins

KittyBitcoin supplies blockchain intelligence on http://kittybitcoin.com, on industry leading websites, and through white label channels since 2014. Follow @KittyBitcoin on Twitter®.
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