Ethereum Classic (ETC)

Current price: $ 4.94

24 hours price change: $ -0.10 (-2.00%)

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 October 11th, 2019 to November 11th, 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 10/11/2019 and 11/11/2019.

According to the performance of Ethereum Classic between October 11th, 2019 and November 11th, 2019, Ethereum Classic performed the best on Sundays. On average, the price of Ethereum Classic increased 0.93% 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 -0.14%.

Ethereum Classic weekday performance

Historical performance on Sunday do not show an increase in value of the Ethereum Classic on which a prediction can be made. The Ethereum Classic increased in value on average on an average Sunday with 0.93%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum Classic on a Sunday is between -0.84% and 2.70% (see also the table below).

On an average Monday, the Ethereum Classic increased 0.36%. However, since the expected deviation is 0.90%, 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 -0.55% and 1.26%.

The average increase of the Ethereum Classic on an average Tuesday is 0.50%. This is a small increase, however, the expected change of the Ethereum Classic in 95% of the Tuesdays is -0.37% and 1.36%. This means that only on 2.5% (or slightly over 1 Tuesday per year) the expected change of the Ethereum Classic is below -0.37%. On the other hand, you would not have to expect that the change on a single Tuesday will be above 1.36%. This will also only happen on 2.5% of the Tuesdays. On 68% of the Tuesdays, the increase of the Ethereum Classic will be in the range of 0.06% and 0.93%.

Ethereum Classic increased in value on an average Wednesday only slightly. The average increase in value of the Ethereum Classic was 0.00%. 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 (0.22%). This means that on 68 percent of the Wednesdays, the change in price of the Ethereum Classic is expected to be in the range of -0.21% and 0.22%.

Ethereum Classic increased in value on an average Thursday only slightly. The average increase in value of the Ethereum Classic was 0.09%. 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 (0.34%). This means that on 68 percent of the Thursdays, the change in price of the Ethereum Classic is expected to be in the range of -0.25% and 0.43%.

It is hard to tell whether the Ethereum Classic will increase or decrease in value on an average Friday. The average change on a Friday for the Ethereum Classic is -0.14%. However, the standard deviation on this weekday is 0.23%. This means that on most Fridays, the change in value of the Ethereum Classic is between -0.37% and 0.08%.

On an average Saturday, the Ethereum Classic increased 0.34%. However, since the expected deviation is 0.42%, the Ethereum Classic will decline in value on a Saturday quiet regularly. The expected price change of the Ethereum Classic on a Saturday is between -0.08% and 0.76%.

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 0.93% 1.77% -0.84% to 2.70%
Monday 0.36% 0.90% -0.55% to 1.26%
Tuesday 0.50% 0.43% 0.06% to 0.93%
Wednesday 0.00% 0.22% -0.21% to 0.22%
Thursday 0.09% 0.34% -0.25% to 0.43%
Friday -0.14% 0.23% -0.37% to 0.08%
Saturday 0.34% 0.42% -0.08% to 0.76%