Ethereum Classic (ETC)

Current price: $ 5.78

24 hours price change: $ -0.01 (-0.24%)

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 August 26th, 2020 to September 25th, 2020.

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 08/26/2020 and 09/25/2020.

According to the performance of Ethereum Classic between August 26th, 2020 and September 25th, 2020, Ethereum Classic performed the best on Thursdays. On average, the price of Ethereum Classic increased 0.52% on Thursday.

The weekday on which the Ethereum Classic performed the worst, is Friday. On Fridays, the Ethereum Classic declined in value on average by -1.63%.

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 -0.02%. However, the standard deviation on this weekday is 0.41%. This means that on most Sundays, the change in value of the Ethereum Classic is between -0.43% and 0.39%.

It is hard to tell whether the Ethereum Classic will increase or decrease in value on an average Monday. The average change on a Monday for the Ethereum Classic is -0.04%. However, the standard deviation on this weekday is 0.68%. This means that on most Mondays, the change in value of the Ethereum Classic is between -0.72% and 0.64%.

It is hard to tell whether the Ethereum Classic will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Ethereum Classic is -0.24%. However, the standard deviation on this weekday is 0.22%. This means that on most Tuesdays, the change in value of the Ethereum Classic is between -0.46% and -0.02%.

Allthough the Ethereum Classic decreases in value with -0.48% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum Classic on Wednesdays is 0.81%. This means that the expected change of the value of Ethereum Classic is between -1.29% and 0.32% on 68 out of 100 Wednesdays.

The average increase of the Ethereum Classic on an average Thursday is 0.52%. This is a small increase, however, the expected change of the Ethereum Classic in 95% of the Thursdays is 0.26% and 0.79%. This means that only on 2.5% (or slightly over 1 Thursday per year) the expected change of the Ethereum Classic is below 0.26%. On the other hand, you would not have to expect that the change on a single Thursday will be above 0.79%. This will also only happen on 2.5% of the Thursdays. On 68% of the Thursdays, the increase of the Ethereum Classic will be in the range of 0.39% and 0.66%.

The Ethereum Classic declines in value on an average Friday with -1.63%. However, the uncertainty (or standard deviation) is quite large, namely 2.45%. This means that it is not possible to say whether on a regular Friday the Ethereum Classic will increase or decrease in value.

It is hard to tell whether the Ethereum Classic will increase or decrease in value on an average Saturday. The average change on a Saturday for the Ethereum Classic is -0.22%. However, the standard deviation on this weekday is 0.56%. This means that on most Saturdays, the change in value of the Ethereum Classic is between -0.77% and 0.34%.

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.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday -0.02% 0.41% -0.43% to 0.39%
Monday -0.04% 0.68% -0.72% to 0.64%
Tuesday -0.24% 0.22% -0.46% to -0.02%
Wednesday -0.48% 0.81% -1.29% to 0.32%
Thursday 0.52% 0.13% 0.39% to 0.66%
Friday -1.63% 2.45% -4.08% to 0.82%
Saturday -0.22% 0.56% -0.77% to 0.34%
 

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