Ethereum Classic (ETC)

Current price: $ 48.23

24 hours price change: $ -0.29 (-0.60%)

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 June 29th, 2021 to July 28th, 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 06/29/2021 and 07/28/2021.

According to the performance of Ethereum Classic between June 29th, 2021 and July 28th, 2021, Ethereum Classic performed the best on Tuesdays. On average, the price of Ethereum Classic increased 1.44% on Tuesday.

The weekday on which the Ethereum Classic performed the worst, is Friday. On Fridays, the Ethereum Classic declined in value on average by -0.62%.

Ethereum Classic weekday performance

Allthough the Ethereum Classic decreases in value with -0.36% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum Classic on Sundays is 1.08%. This means that the expected change of the value of Ethereum Classic is between -1.44% and 0.72% on 68 out of 100 Sundays.

On an average Monday, the Ethereum Classic increased 0.46%. However, since the expected deviation is 0.87%, 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 -0.41% and 1.33%.

On an average Tuesday the Ethereum Classic shows a high increase in value, namely 1.44%. The standard deviation is below the average increase percentage (standard deviation is 0.88%), meaning that on 68% of the Tuesdays the Ethereum Classic will increase with a percentage between 0.56% and 2.32%. This also means that, on average, on 16 percent of the Tuesdays, the Ethereum Classic will increase with a percentage above this range. On the other 16% of the Tuesdays, the Ethereum Classic will change with a percentage below the 0.56%.

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 0.84%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum Classic on a Wednesday is between -3.01% and 4.69% (see also the table below).

Allthough the Ethereum Classic decreases in value with -0.36% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum Classic on Thursdays is 1.29%. This means that the expected change of the value of Ethereum Classic is between -1.66% and 0.93% on 68 out of 100 Thursdays.

On Fridays, the Ethereum Classic decreases in value on average with -0.62%. On most of the Fridays the Ethereum Classic decreases in value between -2.13% and 0.89%. The uncertainty (1.51%) is higher than the average decline percentage (-0.62%). Therefore, expected range of price changes of the Ethereum Classic on Fridays is large.

On an average Saturday, the Ethereum Classic increased 0.35%. However, since the expected deviation is 1.41%, 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 -1.06% and 1.77%.

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 -0.36% 1.08% -1.44% to 0.72%
Monday 0.46% 0.87% -0.41% to 1.33%
Tuesday 1.44% 0.88% 0.56% to 2.32%
Wednesday 0.84% 3.85% -3.01% to 4.69%
Thursday -0.36% 1.29% -1.66% to 0.93%
Friday -0.62% 1.51% -2.13% to 0.89%
Saturday 0.35% 1.41% -1.06% to 1.77%
 

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