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 February 23rd, 2023 to March 23rd, 2023.
In the barchart below, the weekdays and average performance of Ethereum Classic are shown side by side.
According to the performance of Ethereum Classic between February 23rd, 2023 and March 23rd, 2023, Ethereum Classic performed the best on Sundays. On average, the price of Ethereum Classic increased 1.45% on Sunday.
The weekday on which the Ethereum Classic performed the worst, is Friday. On Fridays, the Ethereum Classic declined in value on average by -2.54%.
Ethereum Classic weekday performance
On an average Sunday the Ethereum Classic shows an increase in value of 1.45%. However, the change of Ethereum Classic on most of the Sundays is between -0.41% and 3.30%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Ethereum Classics.
On an average Monday, the Ethereum Classic increased 0.51%. However, since the expected deviation is 2.37%, the Ethereum Classic will decline in value on a Monday quiet regularly. The expected price change of the Ethereum Classic on a Monday is between -1.86% and 2.89%.
Ethereum Classic increased in value on an average Tuesday only slightly. The average increase in value of the Ethereum Classic was 0.27%. 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 (0.51%). This means that on 68 percent of the Tuesdays, the change in price of the Ethereum Classic is expected to be in the range of -0.24% and 0.78%.
Allthough the Ethereum Classic decreases in value with -0.43% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum Classic on Wednesdays is 0.91%. This means that the expected change of the value of Ethereum Classic is between -1.34% and 0.48% on 68 out of 100 Wednesdays.
It is hard to tell whether the Ethereum Classic will increase or decrease in value on an average Thursday. The average change on a Thursday for the Ethereum Classic is -0.08%. However, the standard deviation on this weekday is 0.89%. This means that on most Thursdays, the change in value of the Ethereum Classic is between -0.97% and 0.81%.
The Ethereum Classic declines in value on an average Friday with -2.54%. However, the uncertainty (or standard deviation) is quite large, namely 3.58%. This means that it is not possible to say whether on a regular Friday the Ethereum Classic will increase or decrease in value.
The expected range of change of the Ethereum Classic for an average Saturday is between 0.30% and 1.24%. This is the result of an average increase in value of 0.77% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.
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||1.45%||1.86%||-0.41% to 3.30%|
|Monday||0.51%||2.37%||-1.86% to 2.89%|
|Tuesday||0.27%||0.51%||-0.24% to 0.78%|
|Wednesday||-0.43%||0.91%||-1.34% to 0.48%|
|Thursday||-0.08%||0.89%||-0.97% to 0.81%|
|Friday||-2.54%||3.58%||-6.13% to 1.04%|
|Saturday||0.77%||0.47%||0.30% to 1.24%|