Ethereum Market Report: $ETH Plunges $44.37 in One Hour

Brief:


The price of ether plunged $44.37 in one hour today as the Bitcoin slump continues to drag down altcoins. Ethereum is down -7.50% in 24 hours, down -24.23% on the week and down -22.78% on the month on a last price of $527.43. The Ethereum marketcap is $52,601,103,925 with a circulating supply of 99,730,967 $ETH. $ETH/USD is trading between a 24hr high of $567.91 and a 24hr low of $492.50 on a 24hr Bitfinex volume of $261,683,000. This trading volume is heavy. The weekly price trend is down.

Last price

527.43 $ETH/USD

$USD

last price $ 527.43
one week ago $ 696.13

Price change

Price change is the $ETH percentage change within the period:

period change
day -7.50%
week -24.23%
month -22.78%

Volume

Volume

$ETH 24 hour volume
USD $261,683,000
all $ETH currencies $2,455,220,000

The 24 hour volume for $ETH/USD on Bitfinex is $261,683,000. This volume weight is heavy when compared with Bitfinex daily trading levels for $ETH over the last month.

The total 24 hour volume for all reporting $ETH markets is $2,455,220,000.

Market Share

The Bitfinex currency pair $ETH/USD is 10.66% of all $ETH traded in twenty-four hours. Bitfinex has double the volume today of its next closest competitor OKEx.

Top $ETH Pairs
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Remarks

The price of ether plunged $44.37 in one hour today as the Bitcoin slump continues to drag down altcoins. Ethereum is down -7.50% in 24 hours, down -24.23% on the week and down -22.78% on the month on a last price of $527.43. The Ethereum marketcap is $52,601,103,925 with a circulating supply of 99,730,967 $ETH. $ETH/USD is trading between a 24hr high of $567.91 and a 24hr low of $492.50 on a 24hr Bitfinex volume of $261,683,000. This trading volume is heavy. The weekly price trend is down

There were two green daily candles this week and five red. The reds were so deep that the green represents not a bullish trend but a minor bounce on the way to lower depths.

Today’s lows were last seen in April. During that downtrend the price sank to a low of $363.00 on April 02 2018.

Looking even further back, we have to go all the way to November 20 2017 when a low of 350.00 was seen. Today’s last price in the low $500’s doesn’t seem that bad in comparison.

It may appear that prices are attractive in their depressed state, however most of the analysts say the worst is yet to come.

One Year $ETH Chart

$ETH One Day Candles

Browse Ethereum Collection

Learn about the unique characteristics of $ETH. Browse our collection of Ethereum Market Reports.

Tuesday May 29 2018 Bitcoin Background

Altcoins such as Ethereum ($ETH) may show a relationship with Bitcoin ($BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of Bitcoin
24 Hours of #Bitcoin
-2.99% price $7,156.04
vol $5,038,670,000
mktcap $122,091,431,124
17.06M #XBT 05:29
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Two Days Ago

Top % #Cryptocurrency #Losers
% Change 24h
$BCD -14.73%
$RLC -14.25%
$STEEM -14.04%
$VERI -13.18%
$BCN -12.62%
$TRX -12.48%
$ZIL -12.19%
$ELF -11.39%
$MITH -11.20%
$ZEC -11.08%

2018-05-29 05:30 UK

http://kittybitcoin.com/cryptocurrency/

Top % #Cryptocurrency #Gainers
% Change 24h
$CMT 13.47%
$NXS 12.99%
$GXS 9.39%
$MYB 7.36%
$GNT 1.27%
$DCN 0.04%
$NXS 13.77%

2018-05-29 04:44 UK

Altcoin Market Reports
We publish topical Market Reports on many altcoins. Browse our extensive collection of Altcoin Market Reports.

Highlight Chart

Tap / click to enlarge:

The price of ether plunged $44.37 in one hour today as the Bitcoin slump continues to drag down altcoins.
The price of ether plunged $44.37 in one hour today as the Bitcoin slump continues to drag down altcoins.

Data sources

Main Data Source

Bitfinex is the main data source for this report. The One Day Candles chart, highlight chart, and digital asset numeric trading data are from Bitfinex.

Secondary

CoinMarketCap is the secondary data source for this report. The One Year Chart, cryptocurrency rank, token circulating supply, and daily market share are sourced from CoinMarketCap.com.

Tertiary

XBTLivePriceTM and 24 Hours of Bitcoin are fine data products from KittyBitcoin.com

Other sources are credited where used.

Market capitalization

Market capitalization is the total $US dollar value of the Ethereum market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 52,601,103,925
Circulating supply 99,730,967
Last price $ 527.43

Daily High Low

daily high 567.91 USD
daily low 492.50 USD

Trend

The weekly trend is down.

trend is DOWN

Trend is "down" when the weekly price movement is predominantly downwards.

Resistance

Resistance is the highest price within the period:

period resistance
day 567.91 USD
week 698.11 USD

The highest price of the week was seven days ago in a descending market.

Support

Support is the lowest price within the period:

period support
day 492.50 USD
week 492.50 USD

The week’s lowest price was today.

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

The price of ether plunged $44.37 in one hour today as the Bitcoin slump continues to drag down altcoins. Ethereum is down -7.50% in 24 hours, down -24.23% on the week and down -22.78% on the month on a last price of $527.43. The Ethereum marketcap is $52,601,103,925 with a circulating supply of 99,730,967 $ETH. $ETH/USD saw weekly resistance at $698.11 USD and weekly support at $492.50 USD. Market sentiment is bearish. The weekly price trend is down in daily heavy volume trading.

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Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Tuesday May 29 2018 04:23 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Bitcoin & Ethereum

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Tags

Ethereum, $ETH, USD, Bitfinex, Market, Report, $ETH/USD, altcoins