Ethereum Classic (ETC)

Current price: $ 5.84

24 hours price change: $ 0.11 (1.89%)

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 January 16th, 2019 to July 14th, 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 01/16/2019 and 07/14/2019.

According to the performance of Ethereum Classic between January 16th, 2019 and July 14th, 2019, Ethereum Classic performed the best on Fridays. On average, the price of Ethereum Classic increased 1.85% on Friday.

The weekday on which the Ethereum Classic performed the worst, is Thursday. On Thursdays, the Ethereum Classic declined in value on average by -1.46%.

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 0.71%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum Classic on a Sunday is between -7.88% and 9.31% (see also the table below).

Allthough the Ethereum Classic decreases in value with -0.52% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum Classic on Mondays is 4.01%. This means that the expected change of the value of Ethereum Classic is between -4.53% and 3.48% on 68 out of 100 Mondays.

On an average Tuesday, the Ethereum Classic increased 0.30%. However, since the expected deviation is 4.27%, the Ethereum Classic will decline in value on a Tuesday quiet regularly. The expected price change of the Ethereum Classic on a Tuesday is between -3.97% and 4.57%.

On an average Wednesday, the Ethereum Classic increased 0.46%. However, since the expected deviation is 4.01%, 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 -3.55% and 4.47%.

The Ethereum Classic declines in value on an average Thursday with -1.46%. However, the uncertainty (or standard deviation) is quite large, namely 4.30%. 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 1.85%. However, the change of Ethereum Classic on most of the Fridays is between -1.16% and 4.85%. Therefore it is hard to tell whether an average Friday is a good day to start buying Ethereum Classics.

Historical performance on Saturday 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 Saturday with 0.61%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum Classic on a Saturday is between -2.51% and 3.72% (see also the table below).

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
Sunday0.71%8.59%-7.88% to 9.31%
Monday-0.52%4.01%-4.53% to 3.48%
Tuesday0.30%4.27%-3.97% to 4.57%
Wednesday0.46%4.01%-3.55% to 4.47%
Thursday-1.46%4.30%-5.76% to 2.84%
Friday1.85%3.01%-1.16% to 4.85%
Saturday0.61%3.12%-2.51% to 3.72%