Ethereum Classic (ETC)

Current price: $ 5.79

24 hours price change: $ -0.10 (-1.73%)

Daily analysis of Ethereum Classic (ETC) - 1 month

The performance of Ethereum Classic regarding the price differs every day. To make the best decision to buy Ethereum Classic, we are analysis in this article the performance of Ethereum Classic on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on June 15th, 2019 to July 13th, 2019.

In the barchart below, the weekdays and average performance of Ethereum Classic are shown side by side.

Average daily change in price of Ethereum Classic per weekday between 06/15/2019 and 07/13/2019.

According to the performance of Ethereum Classic between June 15th, 2019 and July 13th, 2019, Ethereum Classic performed the best on Fridays. On average, the price of Ethereum Classic increased 2.20% on Friday.

The weekday on which the Ethereum Classic performed the worst, is Thursday. On Thursdays, the Ethereum Classic declined in value on average by -6.20%.

Ethereum Classic weekday performance

It is hard to tell whether the Ethereum Classic will increase or decrease in value on an average Sunday. The average change on a Sunday for the Ethereum Classic is -0.24%. However, the standard deviation on this weekday is 2.95%. This means that on most Sundays, the change in value of the Ethereum Classic is between -3.19% and 2.71%.

Ethereum Classic increased in value on an average Monday only slightly. The average increase in value of the Ethereum Classic was 0.24%. Allthough the Ethereum Classic closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.39%). This means that on 68 percent of the Mondays, the change in price of the Ethereum Classic is expected to be in the range of -0.16% and 0.63%.

The Ethereum Classic declines in value on an average Tuesday with -2.74%. However, the uncertainty (or standard deviation) is quite large, namely 2.32%. This means that it is not possible to say whether on a regular Tuesday the Ethereum Classic will increase or decrease in value.

On Wednesdays, the Ethereum Classic decreases in value on average with -0.99%. On most of the Wednesdays the Ethereum Classic decreases in value between -5.54% and 3.56%. The uncertainty (4.55%) is higher than the average decline percentage (-0.99%). Therefore, expected range of price changes of the Ethereum Classic on Wednesdays is large.

The decrease in value of the Ethereum Classic is -6.20% on an average Thursday. The uncertainty of the average change is high for the Ethereum Classic on Thursdays. This means that it is hard to tell whether the Ethereum Classic will decrease or increase in value on an average Thursday. If we look at the 68% range of the Ethereum Classic, we see that on 68% of the Thursdays, the expected change of the Ethereum Classic is between -12.13% and -0.27%.

On an average Friday the Ethereum Classic shows a high increase in value, namely 2.20%. The standard deviation is below the average increase percentage (standard deviation is 1.33%), meaning that on 68% of the Fridays the Ethereum Classic will increase with a percentage between 0.88% and 3.53%. This also means that, on average, on 16 percent of the Fridays, the Ethereum Classic will increase with a percentage above this range. On the other 16% of the Fridays, the Ethereum Classic will change with a percentage below the 0.88%.

On an average Saturday the Ethereum Classic shows an increase in value of 1.95%. However, the change of Ethereum Classic on most of the Saturdays is between -1.67% and 5.58%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Ethereum Classics.

Ethereum Classic weekday performance details

Find below the details of the performance of Ethereum Classic per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday-0.24%2.95%-3.19% to 2.71%
Monday0.24%0.39%-0.16% to 0.63%
Tuesday-2.74%2.32%-5.06% to -0.42%
Wednesday-0.99%4.55%-5.54% to 3.56%
Thursday-6.20%5.93%-12.13% to -0.27%
Friday2.20%1.33%0.88% to 3.53%
Saturday1.95%3.62%-1.67% to 5.58%