Ethereum Market Report: Ether Skyrockets on WSJ News
Ether is up 13.81% on the day, up 19.79% on the week and up 26.81% on the month:
|one week ago||$9.26|
The price of ether skyrocketed 0.0023 on Poloniex.com in a single 30 minute trading session as Wall Street Journal published news about the Ethereum Distributed Autonomous Organization (DAO). Ether rose to a one month high of $11.49 in ETHUSD and .02565000 in the popular ETHBTC cryptocurrency pair.
The news coincided with Fortune.com, TechCrunch and other favorable press about the DAO. Volume spiked to 316,392 ether in a 30 minute candle. The DAO has raised over $100 million in ether sales. The crowd sale continues until 28 May 2016. Market sentiment is strongly bullish.
Price change is the percentage change within the period:
Poloniex is the data source for this report.
Daily High Low
The weekly trend is up.
Support is the lowest price within the period:
Resistance is the highest price within the period:
Range is the difference in price within the period:
Market sentiment is bullish.
Ether is up 13.81% on the day, up 19.79% on the week and up 26.81% on the month. The weekly trend is up. ETHBTC saw weekly support at .01996 and weekly resistance at 0.02565000. Market sentiment is bullish.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Tuesday May 17 2016 00:04 hours UTC.
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