Ethereum

Ethereum Classic Market Report: $ETC Partial Rebound

Brief:


Ethereum Classic has partially rebounded today in the aftermath of the crypto crash of January 16. Ethereum Classic is up 0.92% in 24 hours, up 6.91% on the week and up 30.47% on the month on a last price of 0.00263545 BTC or about $29.78. The Ethereum Classic marketcap is $2,954,254,947 with a circulating supply of 99,202,651 $ETC. $ETC/BTC is trading between a 24hr high of 0.00273115 BTC ($30.86) and a 24hr low of 0.00247504 BTC ($27.97) on a 24hr OKEx volume of $127,678,000. In daily moderate to heavy volume trading the weekly trend is mixed.

Last price

0.00263545 $ETC/BTC

$USD

last price $ 29.78
one week ago $ 27.86

Price change

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

period change
day 0.92%
week 6.91%
month 30.47%

Volume

Volume

$ETC 24 hour volume
BTC $127,678,000
all $ETC currencies $550,518,000

The 24 hour volume for $ETC/BTC on OKEx is $127,678,000. This volume weight is moderate to heavy when compared with OKEx daily trading levels for $ETC over the last month.

The total 24 hour volume for all reporting $ETC markets is $550,518,000.

Market Share

The OKEx currency pair $ETC/BTC is 23.19% of all $ETC traded in twenty-four hours. After OKEx, Bithumb (17.09%), Bitfinex (9.40%), Huobi (5.15%), CoinOne and Bittrex have descending daily market share – based on their top performing pair only. Overall OKEx is market percentage leader regardless of number of $ETC pairs.

Remarks

Ethereum Classic has partially rebounded today in the aftermath of the crypto crash of January 16. Ethereum Classic is up 0.92% in 24 hours, up 6.91% on the week and up 30.47% on the month on a last price of 0.00263545 BTC or about $29.78. The Ethereum Classic marketcap is $2,954,254,947 with a circulating supply of 99,202,651 $ETC. $ETC/BTC is trading between a 24hr high of 0.00273115 BTC ($30.86) and a 24hr low of 0.00247504 BTC ($27.97) on a 24hr OKEx volume of $127,678,000. In moderate to heavy volume trading the weekly trend is mixed.

It “appears” as if we are seeing a stabilization of the ETC price after the last half day or so of trading. Ethereum Classic bottomed out at 0.00227275 ($25.68). That was on January 16 2018 at 14:00 hours. The half day since points to a gradual – but definite – upwards recovery.

In the depths of the selloff on January 16 we saw 448,935 $ETC change hands in just one hour – at 14:00 hours. On January 15 we saw five consecutive red hourly candles which also represent a healthy chunk of the lost token value.

One Year Chart

Courtesy CoinMarketCap.com

One Day Candles

Browse Ethereum Classic Collection

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

Thursday January 18 2018 Bitcoin Background

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

24 Hours of Bitcoin
24 Hours of #Bitcoin
9.33% price $11,343.20
vol $18,388,000,000
mktcap $190,680,462,438
16.81M #XBT 10:58 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

Two Days Ago

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

Highlight Chart

Tap / click to enlarge:

Ethereum Classic has partially rebounded today in the aftermath of the crypto crash of January 16. Ethereum Classic is up 0.92% in 24 hours, up 6.91% on the week and up 30.47% on the month on a last price of 0.00263545 BTC or about $29.78.
Ethereum Classic has partially rebounded today in the aftermath of the crypto crash of January 16. Ethereum Classic is up 0.92% in 24 hours, up 6.91% on the week and up 30.47% on the month on a last price of 0.00263545 BTC or about $29.78.

Data source

OKEx 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 Classic market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 2,954,254,947
Circulating supply 99,202,651
Last price $ 29.78
Circulating supply data courtesy of CoinMarketCap.com.

Daily High Low

daily high 0.00273115 BTC
daily low 0.00247504 BTC

Trend

The weekly trend is mixed. The first half week was an uptrend, the second half mostly a downtrend, with the last half day gradually climbing.

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.

Twelve Hour Chart
The twelve hour chart clearly shows where we lost ground this week:

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00273115 BTC
week 0.00343718 BTC

Support

Support is the lowest price within the period:

period support
day 0.00247504 BTC
week 0.00227275 BTC

Market sentiment

Market sentiment is neutral. We’re seeing moderate to heavy volume on a gradually increasing price. It’s not bullish, but the worst of the bearish trend may be over for now.

sentiment neutral

Image courtesy Pixabay.com

Summary

Ethereum Classic has partially rebounded today in the aftermath of the crypto crash of January 16. Ethereum Classic is up 0.92% in 24 hours, up 6.91% on the week and up 30.47% on the month on a last price of 0.00263545 BTC or about $29.78. The Ethereum Classic marketcap is $2,954,254,947 with a circulating supply of 99,202,651 $ETC. $ETC/BTC saw weekly resistance at 0.00343718 BTC ($38.84) and weekly support at 0.00227275 BTC ($25.68). Market sentiment is neutral. The weekly trend is mixed in daily moderate to heavy volume trading.

Price Direction?
It would be fairly easy to call the market correction over – based on the turnaround on many crypto prices. However it may not be true. It’s too early to tell if the market has really decided this is as low as we’re going. Price direction is anybody’s guess until the shakeout is clearly over.

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 Thursday January 18 2018 10:10 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

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Tags

Ethereum Classic, $ETC, BTC, OKEx, Market, Report, $ETC/BTC, 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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