Ethereum Classic (ETC)

Current price: $ 5.98

24 hours price change: $ -0.02 (-0.32%)

Daily analysis of Ethereum Classic (ETC) - 2 years

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 2 years, starting on September 23rd, 2017 to September 22nd, 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 09/23/2017 and 09/22/2019.

According to the performance of Ethereum Classic between September 23rd, 2017 and September 22nd, 2019, Ethereum Classic performed the best on Fridays. On average, the price of Ethereum Classic increased 0.94% 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 -0.65%.

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 0.30%. 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 (6.29%). 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 -5.99% and 6.58%.

It is hard to tell whether the Ethereum Classic will increase or decrease in value on an average Monday. The average change on a Monday for the Ethereum Classic is -0.19%. However, the standard deviation on this weekday is 6.57%. This means that on most Mondays, the change in value of the Ethereum Classic is between -6.76% and 6.38%.

On an average Tuesday, the Ethereum Classic increased 0.32%. However, since the expected deviation is 5.69%, 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 -5.37% and 6.00%.

Allthough the Ethereum Classic decreases in value with -0.52% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum Classic on Wednesdays is 6.22%. This means that the expected change of the value of Ethereum Classic is between -6.74% and 5.71% on 68 out of 100 Wednesdays.

On Thursdays, the Ethereum Classic decreases in value on average with -0.65%. On most of the Thursdays the Ethereum Classic decreases in value between -6.09% and 4.80%. The uncertainty (5.44%) is higher than the average decline percentage (-0.65%). Therefore, expected range of price changes of the Ethereum Classic on Thursdays is large.

Historical performance on Friday 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 Friday with 0.94%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum Classic on a Friday is between -5.43% and 7.30% (see also the table below).

On an average Saturday, the Ethereum Classic increased 0.51%. However, since the expected deviation is 5.07%, the Ethereum Classic will decline in value on a Saturday quiet regularly. The expected price change of the Ethereum Classic on a Saturday is between -4.56% and 5.58%.

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 0.30% 6.29% -5.99% to 6.58%
Monday -0.19% 6.57% -6.76% to 6.38%
Tuesday 0.32% 5.69% -5.37% to 6.00%
Wednesday -0.52% 6.22% -6.74% to 5.71%
Thursday -0.65% 5.44% -6.09% to 4.80%
Friday 0.94% 6.37% -5.43% to 7.30%
Saturday 0.51% 5.07% -4.56% to 5.58%