Ethereum Classic (ETC)

Current price: $ 7.25

24 hours price change: $ 0.15 (2.16%)

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 May 5th, 2020 to August 4th, 2020.

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 05/05/2020 and 08/04/2020.

According to the performance of Ethereum Classic between May 5th, 2020 and August 4th, 2020, Ethereum Classic performed the best on Mondays. On average, the price of Ethereum Classic increased 0.23% on Monday.

The weekday on which the Ethereum Classic performed the worst, is Sunday. On Sundays, the Ethereum Classic declined in value on average by -1.19%.

Ethereum Classic weekday performance

The Ethereum Classic declines in value on an average Sunday with -1.19%. However, the uncertainty (or standard deviation) is quite large, namely 3.96%. This means that it is not possible to say whether on a regular Sunday the Ethereum Classic will increase or decrease in value.

Ethereum Classic increased in value on an average Monday only slightly. The average increase in value of the Ethereum Classic was 0.23%. 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 (1.24%). 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 -1.01% and 1.47%.

Ethereum Classic increased in value on an average Tuesday 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 (0.71%). 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 -0.67% and 0.76%.

It is hard to tell whether the Ethereum Classic will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Ethereum Classic is -0.22%. However, the standard deviation on this weekday is 0.59%. This means that on most Wednesdays, the change in value of the Ethereum Classic is between -0.80% and 0.37%.

Ethereum Classic increased in value on an average Thursday 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 (0.58%). 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 -0.53% and 0.63%.

Ethereum Classic increased in value on an average Friday only slightly. The average increase in value of the Ethereum Classic was 0.17%. 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 (1.06%). This means that on 68 percent of the Fridays, the change in price of the Ethereum Classic is expected to be in the range of -0.89% and 1.22%.

Ethereum Classic increased in value on an average Saturday 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 (0.58%). 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 -0.53% and 0.63%.

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 -1.19% 3.96% -5.15% to 2.78%
Monday 0.23% 1.24% -1.01% to 1.47%
Tuesday 0.05% 0.71% -0.67% to 0.76%
Wednesday -0.22% 0.59% -0.80% to 0.37%
Thursday 0.05% 0.58% -0.53% to 0.63%
Friday 0.17% 1.06% -0.89% to 1.22%
Saturday 0.05% 0.58% -0.53% to 0.63%
 

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