Ethereum Classic (ETC)

Current price: $ 20.26

24 hours price change: $ 0.71 (3.63%)

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 May 30th, 2022 to November 30th, 2022.

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 05/30/2022 and 11/30/2022.

According to the performance of Ethereum Classic between May 30th, 2022 and November 30th, 2022, Ethereum Classic performed the best on Saturdays. On average, the price of Ethereum Classic increased 0.35% on Saturday.

The weekday on which the Ethereum Classic performed the worst, is Friday. On Fridays, the Ethereum Classic declined in value on average by -0.37%.

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 -0.03%. However, the standard deviation on this weekday is 0.60%. This means that on most Sundays, the change in value of the Ethereum Classic is between -0.63% and 0.57%.

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 1.41%. This means that the expected change of the value of Ethereum Classic is between -1.73% and 1.09% on 68 out of 100 Mondays.

It is hard to tell whether the Ethereum Classic will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Ethereum Classic is -0.11%. However, the standard deviation on this weekday is 1.61%. This means that on most Tuesdays, the change in value of the Ethereum Classic is between -1.71% and 1.50%.

Ethereum Classic increased in value on an average Wednesday only slightly. The average increase in value of the Ethereum Classic was 0.06%. 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 (1.36%). 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 -1.30% and 1.43%.

Ethereum Classic increased in value on an average Thursday only slightly. The average increase in value of the Ethereum Classic was 0.08%. 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 (1.08%). 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 -1.00% and 1.16%.

Allthough the Ethereum Classic decreases in value with -0.37% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum Classic on Fridays is 1.06%. This means that the expected change of the value of Ethereum Classic is between -1.43% and 0.69% on 68 out of 100 Fridays.

On an average Saturday, the Ethereum Classic increased 0.35%. However, since the expected deviation is 1.28%, 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 -0.93% and 1.63%.

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 -0.03% 0.60% -0.63% to 0.57%
Monday -0.32% 1.41% -1.73% to 1.09%
Tuesday -0.11% 1.61% -1.71% to 1.50%
Wednesday 0.06% 1.36% -1.30% to 1.43%
Thursday 0.08% 1.08% -1.00% to 1.16%
Friday -0.37% 1.06% -1.43% to 0.69%
Saturday 0.35% 1.28% -0.93% to 1.63%
 

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