Ethereum Classic (ETC)

Current price: $ 38.49

24 hours price change: $ 4.94 (14.72%)

Daily analysis of Ethereum Classic (ETC) - 3 months

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 3 months, starting on December 5th, 2023 to March 5th, 2024.

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 12/05/2023 and 03/05/2024.

According to the performance of Ethereum Classic between December 5th, 2023 and March 5th, 2024, Ethereum Classic performed the best on Wednesdays. On average, the price of Ethereum Classic increased 0.91% on Wednesday.

The weekday on which the Ethereum Classic performed the worst, is Thursday. On Thursdays, the Ethereum Classic declined in value on average by -0.31%.

Ethereum Classic weekday performance

It is hard to tell whether the Ethereum Classic will increase or decrease in value on an average Sunday. The average change on a Sunday for the Ethereum Classic is -0.28%. However, the standard deviation on this weekday is 1.33%. This means that on most Sundays, the change in value of the Ethereum Classic is between -1.61% and 1.05%.

Ethereum Classic increased in value on an average Monday only slightly. The average increase in value of the Ethereum Classic was 0.29%. 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 (1.67%). This means that on 68 percent of the Mondays, the change in price of the Ethereum Classic is expected to be in the range of -1.39% and 1.96%.

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 -0.04%. However, the standard deviation on this weekday is 1.32%. This means that on most Tuesdays, the change in value of the Ethereum Classic is between -1.37% and 1.28%.

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 0.91%. However, the uncertainty of this increase is high. The expected change in value of the Ethereum Classic on a Wednesday is between -2.20% and 4.02% (see also the table below).

Allthough the Ethereum Classic decreases in value with -0.31% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Ethereum Classic on Thursdays is 1.16%. This means that the expected change of the value of Ethereum Classic is between -1.47% and 0.86% on 68 out of 100 Thursdays.

Ethereum Classic increased in value on an average Friday 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 (0.76%). This means that on 68 percent of the Fridays, the change in price of the Ethereum Classic is expected to be in the range of -0.73% and 0.78%.

It is hard to tell whether the Ethereum Classic will increase or decrease in value on an average Saturday. The average change on a Saturday for the Ethereum Classic is -0.25%. However, the standard deviation on this weekday is 1.20%. This means that on most Saturdays, the change in value of the Ethereum Classic is between -1.45% and 0.95%.

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 -0.28% 1.33% -1.61% to 1.05%
Monday 0.29% 1.67% -1.39% to 1.96%
Tuesday -0.04% 1.32% -1.37% to 1.28%
Wednesday 0.91% 3.11% -2.20% to 4.02%
Thursday -0.31% 1.16% -1.47% to 0.86%
Friday 0.03% 0.76% -0.73% to 0.78%
Saturday -0.25% 1.20% -1.45% to 0.95%
 

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