Ethereum Classic (ETC)

Current price: $ 7.22

24 hours price change: $ 0.41 (6.09%)

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 April 29th, 2020 to May 28th, 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 04/29/2020 and 05/28/2020.

According to the performance of Ethereum Classic between April 29th, 2020 and May 28th, 2020, Ethereum Classic performed the best on Saturdays. On average, the price of Ethereum Classic increased 0.52% on Saturday.

The weekday on which the Ethereum Classic performed the worst, is Sunday. On Sundays, the Ethereum Classic declined in value on average by -3.25%.

Ethereum Classic weekday performance

The decrease in value of the Ethereum Classic is -3.25% on an average Sunday. The uncertainty of the average change is high for the Ethereum Classic on Sundays. This means that it is hard to tell whether the Ethereum Classic will decrease or increase in value on an average Sunday. If we look at the 68% range of the Ethereum Classic, we see that on 68% of the Sundays, the expected change of the Ethereum Classic is between -9.94% and 3.44%.

Allthough the Ethereum Classic decreases in value with -0.32% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum Classic on Mondays is 1.99%. This means that the expected change of the value of Ethereum Classic is between -2.31% and 1.66% on 68 out of 100 Mondays.

Allthough the Ethereum Classic decreases in value with -0.31% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum Classic on Tuesdays is 0.66%. This means that the expected change of the value of Ethereum Classic is between -0.97% and 0.35% on 68 out of 100 Tuesdays.

It is hard to tell whether the Ethereum Classic will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Ethereum Classic is -0.15%. However, the standard deviation on this weekday is 0.68%. This means that on most Wednesdays, the change in value of the Ethereum Classic is between -0.83% and 0.53%.

On an average Thursday, the Ethereum Classic increased 0.36%. However, since the expected deviation is 0.70%, the Ethereum Classic will decline in value on a Thursday quiet regularly. The expected price change of the Ethereum Classic on a Thursday is between -0.34% and 1.06%.

Ethereum Classic increased in value on an average Friday only slightly. The average increase in value of the Ethereum Classic was 0.05%. 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 (0.54%). This means that on 68 percent of the Fridays, the change in price of the Ethereum Classic is expected to be in the range of -0.49% and 0.60%.

The average increase of the Ethereum Classic on an average Saturday is 0.52%. This is a small increase, however, the expected change of the Ethereum Classic in 95% of the Saturdays is -0.18% and 1.22%. This means that only on 2.5% (or slightly over 1 Saturday per year) the expected change of the Ethereum Classic is below -0.18%. On the other hand, you would not have to expect that the change on a single Saturday will be above 1.22%. This will also only happen on 2.5% of the Saturdays. On 68% of the Saturdays, the increase of the Ethereum Classic will be in the range of 0.17% and 0.87%.

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 -3.25% 6.69% -9.94% to 3.44%
Monday -0.32% 1.99% -2.31% to 1.66%
Tuesday -0.31% 0.66% -0.97% to 0.35%
Wednesday -0.15% 0.68% -0.83% to 0.53%
Thursday 0.36% 0.70% -0.34% to 1.06%
Friday 0.05% 0.54% -0.49% to 0.60%
Saturday 0.52% 0.35% 0.17% to 0.87%
 

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