Ethereum Classic (ETC)

Current price: $ 92.81

24 hours price change: $ 13.49 (17.01%)

Daily analysis of Ethereum Classic (ETC) - 1 month

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 1 month, starting on April 6th, 2021 to May 5th, 2021.

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 04/06/2021 and 05/05/2021.

According to the performance of Ethereum Classic between April 6th, 2021 and May 5th, 2021, Ethereum Classic performed the best on Wednesdays. On average, the price of Ethereum Classic increased 6.50% on Wednesday.

The weekday on which the Ethereum Classic performed the worst, is Tuesday. On Tuesdays, the Ethereum Classic declined in value on average by -1.74%.

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 0.02%. 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 (0.64%). 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 -0.63% and 0.66%.

On an average Monday, the Ethereum Classic increased 0.34%. However, since the expected deviation is 2.22%, the Ethereum Classic will decline in value on a Monday quiet regularly. The expected price change of the Ethereum Classic on a Monday is between -1.88% and 2.56%.

The Ethereum Classic declines in value on an average Tuesday with -1.74%. However, the uncertainty (or standard deviation) is quite large, namely 3.92%. This means that it is not possible to say whether on a regular Tuesday the Ethereum Classic will increase or decrease in value.

On Wednesdays, the average increase of the value of the Ethereum Classic is very high. The average increase is 6.50%. The standard deviation of the Ethereum Classic on Wednesdays is 4.85%. This means that on 68% of the Wednesdays, the Ethereum Classic increases between 1.65% and 11.35%. The uncertainty is therefore not very high, since on most Wednesdays, the value of the Ethereum Classic will increase.

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 -0.09%. However, the standard deviation on this weekday is 2.34%. This means that on most Thursdays, the change in value of the Ethereum Classic is between -2.43% and 2.26%.

On an average Friday the Ethereum Classic shows an increase in value of 1.83%. However, the change of Ethereum Classic on most of the Fridays is between -0.64% and 4.30%. Therefore it is hard to tell whether an average Friday is a good day to start buying Ethereum Classics.

On an average Saturday the Ethereum Classic shows an increase in value of 2.06%. However, the change of Ethereum Classic on most of the Saturdays is between -2.77% and 6.88%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Ethereum Classics.

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 0.02% 0.64% -0.63% to 0.66%
Monday 0.34% 2.22% -1.88% to 2.56%
Tuesday -1.74% 3.92% -5.67% to 2.18%
Wednesday 6.50% 4.85% 1.65% to 11.35%
Thursday -0.09% 2.34% -2.43% to 2.26%
Friday 1.83% 2.47% -0.64% to 4.30%
Saturday 2.06% 4.83% -2.77% to 6.88%
 

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