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 October 30th, 2022 to November 30th, 2022.
In the barchart below, the weekdays and average performance of Ethereum Classic are shown side by side.
According to the performance of Ethereum Classic between October 30th, 2022 and November 30th, 2022, Ethereum Classic performed the best on Thursdays. On average, the price of Ethereum Classic increased 0.83% on Thursday.
The weekday on which the Ethereum Classic performed the worst, is Monday. On Mondays, the Ethereum Classic declined in value on average by -1.40%.
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 0.26%. 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 (0.70%). 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 -0.44% and 0.95%.
The Ethereum Classic declines in value on an average Monday with -1.40%. However, the uncertainty (or standard deviation) is quite large, namely 1.72%. This means that it is not possible to say whether on a regular Monday the Ethereum Classic will increase or decrease in value.
It is hard to tell whether the Ethereum Classic will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Ethereum Classic is -0.05%. However, the standard deviation on this weekday is 0.41%. This means that on most Tuesdays, the change in value of the Ethereum Classic is between -0.46% and 0.36%.
On an average Wednesday, the Ethereum Classic increased 0.48%. However, since the expected deviation is 1.86%, the Ethereum Classic will decline in value on a Wednesday quiet regularly. The expected price change of the Ethereum Classic on a Wednesday is between -1.38% and 2.34%.
Historical performance on Thursday 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 Thursday with 0.83%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum Classic on a Thursday is between -0.85% and 2.50% (see also the table below).
Allthough the Ethereum Classic decreases in value with -0.56% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum Classic on Fridays is 0.83%. This means that the expected change of the value of Ethereum Classic is between -1.39% and 0.26% on 68 out of 100 Fridays.
Ethereum Classic increased in value on an average Saturday only slightly. The average increase in value of the Ethereum Classic was 0.03%. 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 (1.61%). 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 -1.57% and 1.64%.
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||0.26%||0.70%||-0.44% to 0.95%|
|Monday||-1.40%||1.72%||-3.12% to 0.33%|
|Tuesday||-0.05%||0.41%||-0.46% to 0.36%|
|Wednesday||0.48%||1.86%||-1.38% to 2.34%|
|Thursday||0.83%||1.68%||-0.85% to 2.50%|
|Friday||-0.56%||0.83%||-1.39% to 0.26%|
|Saturday||0.03%||1.61%||-1.57% to 1.64%|