Ethereum Classic (ETC)

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Daily analysis of Ethereum Classic (ETC) - 3 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 3 months, starting on March 28th, 2022 to June 27th, 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 03/28/2022 and 06/27/2022.

According to the performance of Ethereum Classic between March 28th, 2022 and June 27th, 2022, Ethereum Classic performed the best on Thursdays. On average, the price of Ethereum Classic increased 1.01% on Thursday.

The weekday on which the Ethereum Classic performed the worst, is Friday. On Fridays, the Ethereum Classic declined in value on average by -0.61%.

Ethereum Classic weekday performance

Ethereum Classic increased in value on an average Sunday only slightly. The average increase in value of the Ethereum Classic was 0.12%. 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 (0.47%). This means that on 68 percent of the Sundays, the change in price of the Ethereum Classic is expected to be in the range of -0.34% and 0.59%.

Historical performance on Monday 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 Monday with 0.76%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum Classic on a Monday is between -1.27% and 2.79% (see also the table below).

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 -0.13%. However, the standard deviation on this weekday is 2.08%. This means that on most Tuesdays, the change in value of the Ethereum Classic is between -2.20% and 1.95%.

Ethereum Classic increased in value on an average Wednesday only slightly. The average increase in value of the Ethereum Classic was 0.05%. 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 (0.80%). 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 -0.75% and 0.86%.

On an average Thursday the Ethereum Classic shows an increase in value of 1.01%. However, the change of Ethereum Classic on most of the Thursdays is between -0.69% and 2.72%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Ethereum Classics.

On Fridays, the Ethereum Classic decreases in value on average with -0.61%. On most of the Fridays the Ethereum Classic decreases in value between -2.43% and 1.21%. The uncertainty (1.82%) is higher than the average decline percentage (-0.61%). Therefore, expected range of price changes of the Ethereum Classic on Fridays is large.

Allthough the Ethereum Classic decreases in value with -0.50% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum Classic on Saturdays is 3.22%. This means that the expected change of the value of Ethereum Classic is between -3.73% and 2.72% 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.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 0.12% 0.47% -0.34% to 0.59%
Monday 0.76% 2.03% -1.27% to 2.79%
Tuesday -0.13% 2.08% -2.20% to 1.95%
Wednesday 0.05% 0.80% -0.75% to 0.86%
Thursday 1.01% 1.71% -0.69% to 2.72%
Friday -0.61% 1.82% -2.43% to 1.21%
Saturday -0.50% 3.22% -3.73% to 2.72%
 

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