Ethereum Market Report: $ETH Tops $1400
Ether has reached a new all time high of $1424.30 on Bitfinex.com. Ethereum is up 12.92% in 24 hours, up 47.31% on the week and up 123.69% on the month on a last price of $1418.20. The Ethereum marketcap is $137,508,477,707 with a circulating supply of 96,959,863 $ETH. $ETH/USD is trading between a 24hr high of $1424.30 and a 24hr low of $1252.50 on a 24hr Bitfinex volume of $265,008,000. In daily moderate volume trading the weekly trend is mixed.
|last price||$ 1418.20|
|one week ago||$ 962.70|
Price change is the $ETH percentage change within the period:
|$ETH||24 hour volume|
|all $ETH currencies||$5,596,940,000|
The 24 hour volume for $ETH/USD on Bitfinex is $265,008,000. This volume weight is moderate when compared with Bitfinex daily trading levels for $ETH over the last month.
The total 24 hour volume for all reporting $ETH markets is $5,596,940,000.
Ether has reached a new all time high of $1424.30 on Bitfinex.com. Ethereum is up 12.92% in 24 hours, up 47.31% on the week and up 123.69% on the month on a last price of 1418.20. The Ethereum marketcap is $137,508,477,707 with a circulating supply of 96,959,863 $ETH. $ETH/USD is trading between a 24hr high of 1424.30 and a 24hr low of 1252.50 on a 24hr Bitfinex volume of $265,008,000. In moderate volume trading the weekly trend is mixed.
Of the last seven daily candles the last one is green and the two before are red. This is not a powerful rally which will continue forever. In fact, the red candles suggest that support is weakening significantly.
Ether on the world’s largest ether exchange has an astounding last price:
$1935.21 is what ether is priced at in Korea. This may be shades of what is yet to come for western exchanges.
Bitfinex Reopens New Account Registration
After closing new registrations temporarily in order to strengthen infrastructure, Bitfinex has again opened its doors to new customers. Well heeled customers, that is. A new account on Bitfinex will cost you a cool $10,000 in account equity before Bitfinex allows you to trade: “New accounts will need to deposit fiat or crypto to achieve minimum account equity of 10,000 USD equivalent before they can trade or offer funding.”
Kraken returns with free trading!
Kraken has released a new trading engine with free trading:
Kraken returns with free trading! We apologize for the uncertainty our downtime has caused – it was done to upgrade the trade engine. Please see our blog post for important details about the upgrade and return of trading. https://t.co/gDMgWvrVlk
— Kraken Exchange (@krakenfx) January 13, 2018
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Bitfinex is the main data source for this report. Other sources are credited where used.
Market capitalization is the total $US dollar value of the Ethereum market calculated using the formula:
|Market cap||$ 137,508,477,707|
|Last price||$ 1418.20|
Daily High Low
|daily high||1424.30 USD|
|daily low||1252.50 USD|
The weekly trend is mixed.
Trend is "mixed" when the week contains both green and red daily price candles, price movement up or down is significant, and there is no clear weekly price direction.
Resistance is the highest price within the period:
Support is the lowest price within the period:
Market sentiment is neutral.
Ether has reached a new all time high of $1424.30 on Bitfinex.com. Ethereum is up 12.92% in 24 hours, up 47.31% on the week and up 123.69% on the month on a last price of 1418.20. The Ethereum marketcap is $137,508,477,707 with a circulating supply of 96,959,863 $ETH. $ETH/USD saw weekly resistance at 1424.30 USD and weekly support at 951.40 USD . Market sentiment is neutral. The weekly trend is mixed in daily moderate volume trading.
With two of the last three hourly candles in the red traders are showing support is weak for a rising ether. However it did rise, and to a new all time high.
Also with the onset of the weekend we are likely to see more purchase of ether by weekend traders.
A line can be drawn near the top of the last several candles right through the $1414 price level. This is suggesting a resistance level has formed at or near this mark.
Look for the price to stay bouyant over the weekend but to pull back with the arrival of Monday.
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.
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