Ethereum Classic (ETC)

Current price: $ 4.07

24 hours price change: $ 0.16 (4.09%)

Daily analysis of Ethereum Classic (ETC) - 6 months

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 6 months, starting on June 18th, 2018 to December 16th, 2018.

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 06/18/2018 and 12/16/2018.

According to the performance of Ethereum Classic between June 18th, 2018 and December 16th, 2018, Ethereum Classic performed the best on Sundays. On average, the price of Ethereum Classic increased 0.68% on Sunday.

The weekday on which the Ethereum Classic performed the worst, is Monday. On Mondays, the Ethereum Classic declined in value on average by -1.76%.

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 0.68%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum Classic on a Sunday is between -1.74% and 3.09% (see also the table below).

The Ethereum Classic declines in value on an average Monday with -1.76%. However, the uncertainty (or standard deviation) is quite large, namely 6.18%. This means that it is not possible to say whether on a regular Monday the Ethereum Classic will increase or decrease in value.

On Tuesdays, the Ethereum Classic decreases in value on average with -0.89%. On most of the Tuesdays the Ethereum Classic decreases in value between -5.01% and 3.24%. The uncertainty (4.13%) is higher than the average decline percentage (-0.89%). Therefore, expected range of price changes of the Ethereum Classic on Tuesdays is large.

On Wednesdays, the Ethereum Classic decreases in value on average with -0.78%. On most of the Wednesdays the Ethereum Classic decreases in value between -7.40% and 5.85%. The uncertainty (6.63%) is higher than the average decline percentage (-0.78%). Therefore, expected range of price changes of the Ethereum Classic on Wednesdays is large.

The Ethereum Classic declines in value on an average Thursday with -1.17%. However, the uncertainty (or standard deviation) is quite large, namely 4.86%. This means that it is not possible to say whether on a regular Thursday 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 Friday. The average change on a Friday for the Ethereum Classic is -0.18%. However, the standard deviation on this weekday is 5.50%. This means that on most Fridays, the change in value of the Ethereum Classic is between -5.68% and 5.31%.

Allthough the Ethereum Classic decreases in value with -0.42% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum Classic on Saturdays is 3.63%. This means that the expected change of the value of Ethereum Classic is between -4.05% and 3.20% on 68 out of 100 Saturdays.

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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday0.68%2.42%-1.74% to 3.09%
Monday-1.76%6.18%-7.94% to 4.43%
Tuesday-0.89%4.13%-5.01% to 3.24%
Wednesday-0.78%6.63%-7.40% to 5.85%
Thursday-1.17%4.86%-6.03% to 3.69%
Friday-0.18%5.50%-5.68% to 5.31%
Saturday-0.42%3.63%-4.05% to 3.20%