Ethereum Classic (ETC)

Current price: $ 22.02

24 hours price change: $ 0.90 (4.26%)

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 24th, 2022 to May 23rd, 2022.

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 04/24/2022 and 05/23/2022.

According to the performance of Ethereum Classic between April 24th, 2022 and May 23rd, 2022, Ethereum Classic performed the best on Thursdays. On average, the price of Ethereum Classic increased 2.17% on Thursday.

The weekday on which the Ethereum Classic performed the worst, is Saturday. On Saturdays, the Ethereum Classic declined in value on average by -2.47%.

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 0.04%. 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 (0.37%). 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 -0.32% and 0.41%.

Historical performance on Monday 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 Monday with 0.68%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum Classic on a Monday is between -0.29% and 1.64% (see also the table below).

On an average Tuesday, the Ethereum Classic increased 0.32%. However, since the expected deviation is 1.51%, 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 -1.18% and 1.83%.

Historical performance on Wednesday 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 Wednesday with 0.76%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum Classic on a Wednesday is between -0.10% and 1.61% (see also the table below).

On an average Thursday the Ethereum Classic shows a high increase in value, namely 2.17%. The standard deviation is below the average increase percentage (standard deviation is 1.87%), meaning that on 68% of the Thursdays the Ethereum Classic will increase with a percentage between 0.30% and 4.04%. This also means that, on average, on 16 percent of the Thursdays, the Ethereum Classic will increase with a percentage above this range. On the other 16% of the Thursdays, the Ethereum Classic will change with a percentage below the 0.30%.

The Ethereum Classic declines in value on an average Friday with -1.54%. However, the uncertainty (or standard deviation) is quite large, namely 2.98%. This means that it is not possible to say whether on a regular Friday the Ethereum Classic will increase or decrease in value.

The Ethereum Classic declines in value on an average Saturday with -2.47%. However, the uncertainty (or standard deviation) is quite large, namely 5.18%. This means that it is not possible to say whether on a regular Saturday the Ethereum Classic will increase or decrease in value.

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 0.04% 0.37% -0.32% to 0.41%
Monday 0.68% 0.96% -0.29% to 1.64%
Tuesday 0.32% 1.51% -1.18% to 1.83%
Wednesday 0.76% 0.86% -0.10% to 1.61%
Thursday 2.17% 1.87% 0.30% to 4.04%
Friday -1.54% 2.98% -4.52% to 1.44%
Saturday -2.47% 5.18% -7.65% to 2.71%
 

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