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Ethereum Market Report: $ETH Down -25.45% on the Month

Brief:


Bitcoin $BTC is down 5.18% on the week and up 6.23% on the month. $ETH has a better weekly performance but is down substantially on the month. Ethereum is down -2.59% in 24 hours, up 0.89% on the week and down -25.45% on the month on a last price of $454.35. The Ethereum marketcap is $45,898,070,794 with a circulating supply of 101,019,194 $ETH. $ETH/USDT is trading between a 24hr high of $470.55 and a 24hr low of $446.60 on a 24hr BitForex volume of $264,204,324. This trading volume is heavy. The weekly price trend is down.

Rank #2

Ethereum is ranked #2 today by cryptocurrency market capitalization.

Last price

454.35 $ETH/USDT

$USD

last price $ 454.35
one week ago $ 450.33

Price change

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

period change
day -2.59%
week 0.89%
month -25.45%

Volume

Volume

$ETH 24 hour volume
USDT $264,204,324
all $ETH currencies $2,138,218,111

The 24 hour volume for $ETH/USDT on BitForex is $264,204,324. This volume weight is heavy when compared with BitForex daily trading levels for $ETH over the last month.

The total 24 hour volume for all reporting $ETH markets is $2,138,218,111.

Market Share

The BitForex currency pair $ETH/USDT is 12.36% of all $ETH traded in twenty-four hours. EXX and CoinBene hold down the second and third highest volume today.

Top $ETH Pairs
Tap or click for detail:

Remarks

Bitcoin $BTC is down 5.18% on the week and up 6.23% on the month. $ETH has a better weekly performance but is down substantially on the month. Ethereum is down -2.59% in 24 hours, up 0.89% on the week and down -25.45% on the month on a last price of $454.35. The Ethereum marketcap is $45,898,070,794 with a circulating supply of 101,019,194 $ETH. $ETH/USDT is trading between a 24hr high of $470.55 and a 24hr low of $446.60 on a 24hr BitForex volume of $264,204,324. This trading volume is heavy. The weekly price trend is down.

Bitforex today has its highest $ETH volume of the month as we see Ethereum slide down. The low today is the weekly low. Today’s high is lower than last week’s high. This is a descending bear market, however its not all bad news.

The overall downtrend (Bitforex first charted $ETH transaction on April 09 2018) has lasted ‘almost’ since $ETH began trading on this exchange. In the week of April 23 we see the start of the slide.

The lowest price on Bitforex was in mid June when $404.00 purchased one ether.

The week of July 02 2018 saw price plummet again to a low of $418.11. Todays last price looks pretty good stacked up with these earlier lows.

The months long downtrend was broken in the week of June 25 when the weekly candle turned green. The weeks of July 09 and July 16 also record weekly green candles.

While the end of the weekly downtrend was welcome, price has drifted listlessly sideways with an exciting but small increase to $485.18 this week. Bulls were not able to hold the increase as we see prices drift slightly lower in the ensuing six days.

One Year $ETH Chart

$ETH One Day Candles

Browse Ethereum Collection

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

Monday July 30 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
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php
24 Hours of #Bitcoin
-0.3% price $8,180.68
vol $5,575,422,949
mktcap $140,549,346,030
17.18M #XBT 23:38

XBTLivePriceTM

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 is down -2.59% in 24 hours, up 0.89% on the week and down -25.45% on the month on a last price of $454.35.
Ethereum is down -2.59% in 24 hours, up 0.89% on the week and down -25.45% on the month on a last price of $454.35.

Data sources

Main Data Source

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

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 fine 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 $ 45,898,070,794
Circulating supply 101,019,194
Last price $ 454.35

Daily High Low

daily high 470.55 USDT
daily low 446.60 USDT

Trend

The weekly trend is down.

trend is DOWN

Trend is "down" when the weekly price movement is predominantly downwards.

Resistance

Resistance is the highest price within the period:

period resistance
day 470.55 USDT
week 484.94 USDT

Support

Support is the lowest price within the period:

period support
day 446.60 USDT
week 446.60 USDT

Market sentiment

$ETH market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

Bitcoin $BTC is down 5.18% on the week and up 6.23% on the month. $ETH has a better weekly performance but is down substantially on the month. Ethereum is down -2.59% in 24 hours, up 0.89% on the week and down -25.45% on the month on a last price of $454.35. The Ethereum marketcap is $45,898,070,794 with a circulating supply of 101,019,194 $ETH. $ETH/USDT saw weekly resistance at $484.94 USDT and weekly support at $446.60 USDT. Market sentiment is bearish. The weekly price trend is down in daily heavy volume trading.

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Disclaimer

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Printed

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