Ethereum Market Report: Ether Crashes to .0206
Ether’s crash from .0331 to .0206 is the biggest ether price movement in two weeks. Ether is up 1.65% on the day, down -28.45% on the week and up 22.60% on the month.
|last price||$ 12.42|
|one week ago||$ 13.19|
On May 27 2016 2,796,390 ether changed hands on Poloniex. This was part of a nine day decline which saw the price plummet to mid chart lows inconceivable in the recent and heady days of TheDAO initial coin offer (ICO) bull run.
BTC halving deflationary pressures, BTC price rise, the end of TheDAO (ICO), the shift from Ether to Lisk token trading, and swarm intelligence are causal factors in the price change which saw some support evaporate for the darling child of the crypto industry.
Price change is the percentage change within the period:
Poloniex is the data source for this market report.
Market capitalization is the total $US dollar value of the Ether market calculated using the formula:
|Market cap||Available supply||Last price|
|$ 999,964,319||80512425||$ 12.42|
Daily High Low
The weekly trend is down.
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 bearish.
Ether is up 1.65% on the day, down -28.45% on the week and up 22.60% on the month. The weekly trend is down. ETHBTC saw weekly support at .02067 and weekly resistance at .03310. Market sentiment is bearish.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Monday May 30 2016 01:00 hours UTC. Contact KittyBitcoin to request custom reports.
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