Ethereum Classic (ETC)

Current price: $ 4.33

24 hours price change: $ 0.38 (9.62%)

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 September 19th, 2018 to December 17th, 2018.

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 09/19/2018 and 12/17/2018.

According to the performance of Ethereum Classic between September 19th, 2018 and December 17th, 2018, Ethereum Classic performed the best on Sundays. On average, the price of Ethereum Classic increased 0.55% 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 -2.97%.

Ethereum Classic weekday performance

On an average Sunday, the Ethereum Classic increased 0.55%. However, since the expected deviation is 2.47%, 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 -1.92% and 3.03%.

The Ethereum Classic declines in value on an average Monday with -2.45%. However, the uncertainty (or standard deviation) is quite large, namely 7.22%. This means that it is not possible to say whether on a regular Monday the Ethereum Classic will increase or decrease in value.

On Tuesdays, the Ethereum Classic decreases in value on average with -0.97%. On most of the Tuesdays the Ethereum Classic decreases in value between -4.64% and 2.69%. The uncertainty (3.66%) is higher than the average decline percentage (-0.97%). Therefore, expected range of price changes of the Ethereum Classic on Tuesdays is large.

Allthough the Ethereum Classic decreases in value with -0.37% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum Classic on Wednesdays is 5.27%. This means that the expected change of the value of Ethereum Classic is between -5.64% and 4.90% on 68 out of 100 Wednesdays.

The Ethereum Classic declines in value on an average Thursday with -2.97%. However, the uncertainty (or standard deviation) is quite large, namely 5.62%. This means that it is not possible to say whether on a regular Thursday the Ethereum Classic will increase or decrease in value.

Ethereum Classic increased in value on an average Friday only slightly. The average increase in value of the Ethereum Classic was 0.13%. 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 (3.79%). 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 -3.66% and 3.92%.

Allthough the Ethereum Classic decreases in value with -0.54% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum Classic on Saturdays is 2.79%. This means that the expected change of the value of Ethereum Classic is between -3.33% and 2.25% 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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday0.55%2.47%-1.92% to 3.03%
Monday-2.45%7.22%-9.67% to 4.78%
Tuesday-0.97%3.66%-4.64% to 2.69%
Wednesday-0.37%5.27%-5.64% to 4.90%
Thursday-2.97%5.62%-8.59% to 2.66%
Friday0.13%3.79%-3.66% to 3.92%
Saturday-0.54%2.79%-3.33% to 2.25%