Ethereum Classic (ETC)

Current price: $ 4.33

24 hours price change: $ -0.17 (-3.75%)

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 August 19th, 2019 to November 18th, 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 08/19/2019 and 11/18/2019.

According to the performance of Ethereum Classic between August 19th, 2019 and November 18th, 2019, Ethereum Classic performed the best on Wednesdays. On average, the price of Ethereum Classic increased 0.55% on Wednesday.

The weekday on which the Ethereum Classic performed the worst, is Friday. On Fridays, the Ethereum Classic declined in value on average by -0.32%.

Ethereum Classic weekday performance

On an average Sunday, the Ethereum Classic increased 0.44%. However, since the expected deviation is 1.20%, the Ethereum Classic will decline in value on a Sunday quiet regularly. The expected price change of the Ethereum Classic on a Sunday is between -0.77% and 1.64%.

Ethereum Classic increased in value on an average Monday 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 (0.85%). This means that on 68 percent of the Mondays, the change in price of the Ethereum Classic is expected to be in the range of -0.76% and 0.93%.

Ethereum Classic increased in value on an average Tuesday only slightly. The average increase in value of the Ethereum Classic was 0.04%. 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 (0.52%). This means that on 68 percent of the Tuesdays, the change in price of the Ethereum Classic is expected to be in the range of -0.49% and 0.56%.

On an average Wednesday, the Ethereum Classic increased 0.55%. However, since the expected deviation is 1.17%, 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 -0.63% and 1.72%.

It is hard to tell whether the Ethereum Classic will increase or decrease in value on an average Thursday. The average change on a Thursday for the Ethereum Classic is -0.16%. However, the standard deviation on this weekday is 0.48%. This means that on most Thursdays, the change in value of the Ethereum Classic is between -0.64% and 0.32%.

Allthough the Ethereum Classic decreases in value with -0.32% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum Classic on Fridays is 1.16%. This means that the expected change of the value of Ethereum Classic is between -1.47% and 0.84% on 68 out of 100 Fridays.

It is hard to tell whether the Ethereum Classic will increase or decrease in value on an average Saturday. The average change on a Saturday for the Ethereum Classic is -0.05%. However, the standard deviation on this weekday is 1.08%. This means that on most Saturdays, the change in value of the Ethereum Classic is between -1.13% and 1.04%.

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 0.44% 1.20% -0.77% to 1.64%
Monday 0.08% 0.85% -0.76% to 0.93%
Tuesday 0.04% 0.52% -0.49% to 0.56%
Wednesday 0.55% 1.17% -0.63% to 1.72%
Thursday -0.16% 0.48% -0.64% to 0.32%
Friday -0.32% 1.16% -1.47% to 0.84%
Saturday -0.05% 1.08% -1.13% to 1.04%