Ethereum

Ethereum Market Report: $ETH Tops $1400

Brief:


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 $ETH/USD

$USD

last price $ 1418.20
one week ago $ 962.70

Price change

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

period change
day 12.92%
week 47.31%
month 123.69%

Volume

Volume

$ETH 24 hour volume
USD $265,008,000
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.

Market Share

The Bitfinex currency pair $ETH/USD is 4.73% of all $ETH traded in twenty-four hours. Bithumb.com is daily market share leader with 8.43% on the ETH/KRW pair. Binance (8.18%) and OKEx (5.67%) are second and third both with the ETH/BTC pair.

Remarks

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.

One Year Chart

Courtesy CoinMarketCap.com

One Day Candles

Bithumb.com Ether
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.”

reference: Bitfinex Reopens Registrations January 12, 2018

Kraken returns with free trading!
Kraken has released a new trading engine with free trading:

https://www.kraken.com/

Browse Ethereum Collection

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

Saturday January 13 2018 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
2.95% price $14,326.90
vol $12,692,800,000
mktcap $240,706,963,245
16.80M #XBT 21:19 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

Altcoin Market Reports
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Highlight Chart

Tap / click to enlarge:

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.
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.

Data source

Bitfinex 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 $ 137,508,477,707
Circulating supply 96,959,863
Last price $ 1418.20
Circulating supply data courtesy of CoinMarketCap.com.

Daily High Low

daily high 1424.30 USD
daily low 1252.50 USD

Trend

The weekly trend is mixed.

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

Resistance is the highest price within the period:

period resistance
day 1424.30 USD
week 1424.30 USD

Support

Support is the lowest price within the period:

period support
day 1252.50 USD
week 951.40 USD

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

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.

Price Direction?
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.

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 January 13 2018 21:14 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Bitcoin & Ethereum

Thanks for reading! 🙂

Tags

Ethereum, $ETH, USD, Bitfinex, Market, Report, $ETH/USD, altcoins

@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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