Ethereum Classic (ETC)

Current price: $ 6.05

24 hours price change: $ -0.13 (-2.09%)

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 March 22nd, 2019 to September 21st, 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 03/22/2019 and 09/21/2019.

According to the performance of Ethereum Classic between March 22nd, 2019 and September 21st, 2019, Ethereum Classic performed the best on Sundays. On average, the price of Ethereum Classic increased 1.58% on Sunday.

The weekday on which the Ethereum Classic performed the worst, is Thursday. On Thursdays, the Ethereum Classic declined in value on average by -1.63%.

Ethereum Classic weekday performance

On an average Sunday the Ethereum Classic shows an increase in value of 1.58%. However, the change of Ethereum Classic on most of the Sundays is between -6.50% and 9.67%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Ethereum Classics.

It is hard to tell whether the Ethereum Classic will increase or decrease in value on an average Monday. The average change on a Monday for the Ethereum Classic is -0.21%. However, the standard deviation on this weekday is 3.49%. This means that on most Mondays, the change in value of the Ethereum Classic is between -3.71% and 3.28%.

On Tuesdays, the Ethereum Classic decreases in value on average with -0.74%. On most of the Tuesdays the Ethereum Classic decreases in value between -4.94% and 3.47%. The uncertainty (4.21%) is higher than the average decline percentage (-0.74%). Therefore, expected range of price changes of the Ethereum Classic on Tuesdays is large.

On an average Wednesday, the Ethereum Classic increased 0.58%. However, since the expected deviation is 4.20%, the Ethereum Classic will decline in value on a Wednesday quiet regularly. The expected price change of the Ethereum Classic on a Wednesday is between -3.62% and 4.79%.

The Ethereum Classic declines in value on an average Thursday with -1.63%. However, the uncertainty (or standard deviation) is quite large, namely 4.20%. This means that it is not possible to say whether on a regular Thursday the Ethereum Classic will increase or decrease in value.

On an average Friday the Ethereum Classic shows an increase in value of 1.10%. However, the change of Ethereum Classic on most of the Fridays is between -1.77% and 3.97%. Therefore it is hard to tell whether an average Friday is a good day to start buying Ethereum Classics.

Ethereum Classic increased in value on an average Saturday only slightly. The average increase in value of the Ethereum Classic was 0.29%. 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 (3.35%). This means that on 68 percent of the Saturdays, the change in price of the Ethereum Classic is expected to be in the range of -3.05% and 3.64%.

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 1.58% 8.08% -6.50% to 9.67%
Monday -0.21% 3.49% -3.71% to 3.28%
Tuesday -0.74% 4.21% -4.94% to 3.47%
Wednesday 0.58% 4.20% -3.62% to 4.79%
Thursday -1.63% 4.20% -5.84% to 2.57%
Friday 1.10% 2.87% -1.77% to 3.97%
Saturday 0.29% 3.35% -3.05% to 3.64%