Ethereum Classic (ETC)

Current price: $ 55.61

24 hours price change: $ 1.99 (3.71%)

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 May 13th, 2021 to June 12th, 2021.

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 05/13/2021 and 06/12/2021.

According to the performance of Ethereum Classic between May 13th, 2021 and June 12th, 2021, Ethereum Classic performed the best on Tuesdays. On average, the price of Ethereum Classic increased 4.48% on Tuesday.

The weekday on which the Ethereum Classic performed the worst, is Thursday. On Thursdays, the Ethereum Classic declined in value on average by -1.80%.

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 -0.10%. However, the standard deviation on this weekday is 3.89%. This means that on most Sundays, the change in value of the Ethereum Classic is between -3.99% and 3.78%.

The Ethereum Classic declines in value on an average Monday with -1.80%. However, the uncertainty (or standard deviation) is quite large, namely 1.18%. This means that it is not possible to say whether on a regular Monday the Ethereum Classic will increase or decrease in value.

The increase in value of the Ethereum Classic is 4.48% on an average Tuesday. However, the uncertainty on the average change is high for the Ethereum Classic on Tuesdays. This is the reason why an expected increase of the Ethereum Classic on an average Tuesday cannot be predicted. The standard deviation for Ethereum Classic on Tuesdays is high, namely 4.87%. This means that the expected range of value change for the Ethereum Classic is -0.39% and 9.35% on 68% of the Tuesdays.

The Ethereum Classic declines in value on an average Wednesday with -1.48%. However, the uncertainty (or standard deviation) is quite large, namely 0.46%. This means that it is not possible to say whether on a regular Wednesday the Ethereum Classic will increase or decrease in value.

The Ethereum Classic declines in value on an average Thursday with -1.80%. However, the uncertainty (or standard deviation) is quite large, namely 3.64%. This means that it is not possible to say whether on a regular Thursday the Ethereum Classic will increase or decrease in value.

On an average Friday, the Ethereum Classic increased 0.54%. However, since the expected deviation is 2.33%, the Ethereum Classic will decline in value on a Friday quiet regularly. The expected price change of the Ethereum Classic on a Friday is between -1.79% and 2.86%.

On an average Saturday the Ethereum Classic shows an increase in value of 1.49%. However, the change of Ethereum Classic on most of the Saturdays is between -1.21% and 4.20%. 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.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday -0.10% 3.89% -3.99% to 3.78%
Monday -1.80% 1.18% -2.99% to -0.62%
Tuesday 4.48% 4.87% -0.39% to 9.35%
Wednesday -1.48% 0.46% -1.94% to -1.02%
Thursday -1.80% 3.64% -5.44% to 1.83%
Friday 0.54% 2.33% -1.79% to 2.86%
Saturday 1.49% 2.71% -1.21% to 4.20%
 

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