Ethereum

Ethereum Market Report: $ETH Soars on OKEx

Brief:


Ethereum soars to a large daily, weekly and monthly increase on OKEx – the world’s leading ETH/USDT exchange. Ethereum is up 10.74% in 24 hours, up 17.93% on the week and up 76.24% on the month on a last price of $1,238.45. The Ethereum marketcap is $120,462,810,388 with a circulating supply of 97,269,014 $ETH. $ETH/USDT is trading between a 24hr high of $1,242.31 and a 24hr low of $1,213.49 on a 24hr OKEx volume of 328,784,944. This trading volume is moderate to heavy. The weekly price trend is up.

Last price

1238.45 $ETH/USDT

$USD

last price $ 1238.45
one week ago $ 1050.20

Price change

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

period change
day 10.74%
week 17.93%
month 76.24%

Volume

Volume

$ETH 24 hour volume
USDT 328,784,944
all $ETH currencies $5,258,440,000

The 24 hour volume for $ETH/USDT on OKEx is 328,784,944. This volume weight is moderate to heavy when compared with OKEx daily trading levels for $ETH over the last month.

The total 24 hour volume for all reporting $ETH markets is $5,258,440,000.

Ether Volume by Currency

Graph courtesy CryptoCompare.com

Market Share

The OKEx currency pair $ETH/USDT is 6.25% of all $ETH traded in twenty-four hours. Bithumb (KRW 8.10%) and Upbit (KRW 7.62%) are first and second in single pair daily market share, trading ether in Korean Won.

Remarks

If you bought ether on OKEx a month ago you would be enjoying significant asset performance today.

Ethereum soars to a large daily, weekly and monthly increase on OKEx – the world’s leading ETH/USDT exchange. Ethereum is up 10.74% in 24 hours, up 17.93% on the week and up 76.24% on the month on a last price of $1,238.45. The Ethereum marketcap is $120,462,810,388 with a circulating supply of 97,269,014 $ETH. $ETH/USDT is trading between a 24hr high of $1,242.31 and a 24hr low of $1,213.49 on a 24hr OKEx volume of 328,784,944. This trading volume is moderate to heavy. The weekly price trend is up.

One Year Chart

One Day Candles

Browse Ethereum Collection

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

Sunday January 28 2018 Bitcoin Background

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

24 Hours of Bitcoin
24 Hours of #Bitcoin
2.77% price $11,860.10
vol $8,412,630,000
mktcap $199,629,499,702
16.83M #XBT 22:12 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

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 soars to a large daily, weekly and monthly increase on OKEx - the world's leading ETH/USDT exchange. Ethereum is up 10.74% in 24 hours, up 17.93% on the week and up 76.24% on the month on a last price of $1,238.45.
Ethereum soars to a large daily, weekly and monthly increase on OKEx – the world’s leading ETH/USDT exchange. Ethereum is up 10.74% in 24 hours, up 17.93% on the week and up 76.24% on the month on a last price of $1,238.45.

Data sources

Main Data Source

OKEx is the main data source for this report. The One Day Candles chart, highlight chart, and all digital asset numeric trading data are from OKEx.

Secondary

CoinMarketCap is the secondary data source for this report. The One Year Chart, cryptocurrency rank, token circulating supply, and daily market share are sourced from CoinMarketCap.com.

Tertiary

XBTLivePriceTM and 24 Hours of Bitcoin are data products from KittyBitcoin.com

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 $ 120,462,810,388
Circulating supply 97,269,014
Last price $ 1238.45

Daily High Low

daily high $1,242.31 USDT
daily low $1,213.49 USDT

Trend

The weekly trend is up. We’ve seen seven daily green candles in the last seven days.

trend is UP

Trend is "up" when the weekly price movement is predominantly upwards.

Resistance

Resistance is the highest price within the period:

period resistance
day 1,242.31 USDT
week 1269.07 USDT

Support

Support is the lowest price within the period:

period support
day 1,213.49 USDT
week 945.09 USDT

If you looked further back to January 13 2018 you would see a support level of $00.002 – less than a cent – per ether. The unusual price deflation didn’t last long. Ether’s current price is $1,238.45. OKEx support was diligent on this matter, transparently posting to Twitter about it:

This is refreshing to have timely and responsive communication over social channels about an exchange concern. OKEx comes off with high marks here. Other exchanges should take note that investors respond well to excellent exchange support and communication.

If you’d like to try out the world’s largest ether USDT exchange the register link is here:

Create a new trading account on OKEx.com
https://www.okex.com/user/register.do

Market sentiment

Market sentiment is neutral. We saw a large mid month selloff with at least four large red daily candles. Volume was heavy and price dipped substantially on these days. While we’ve seen the last week in green candle recovery, the mid month weakened support and selloff over a $300 high/low range is not that distant a memory.

sentiment neutral

Image courtesy Pixabay.com

Summary

Ethereum soars to a large daily, weekly and monthly increase on OKEx – the world’s leading ETH/USDT exchange. Ethereum is up 10.74% in 24 hours, up 17.93% on the week and up 76.24% on the month on a last price of $1,238.45. The Ethereum marketcap is $120,462,810,388 with a circulating supply of 97,269,014 $ETH. $ETH/USDT saw weekly resistance at $1,269.07 USDT and weekly support at $945.09 USDT. Market sentiment is neutral. The weekly price trend is up in daily moderate to heavy 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 Sunday January 28 2018 22:21 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Bitcoin & Ethereum

Thanks for reading! šŸ™‚

Tags

Ethereum, $ETH, USDT, OKEx, Market, Report, $ETH/USDT, altcoins

@KittyBitcoin supplies mobile friendly blockchain intelligence on http://kittybitcoin.com. Their favorite color is pink and theĀ bigger the wool ball the better.
Free AllCoinsNews Email Updates
Get the latest cryptotoken market news and blockchain developments!
We respect your privacy.