The 24 hour volume for $ETH/USDT on OKEx is 328,784,944. This volume weight is moderate to heavy when compared with OKEx daily trading levels for $ETH over the last month.
The total 24 hour volume for all reporting $ETH markets is $5,258,440,000.
Graph courtesy CryptoCompare.com
Remarks
If you bought ether on OKEx a month ago you would be enjoying significant asset performance today.
Ethereum soars to a large daily, weekly and monthly increase on OKEx – the world’s leading ETH/USDT exchange. Ethereum is up 10.74% in 24 hours, up 17.93% on the week and up 76.24% on the month on a last price of $1,238.45. The Ethereum marketcap is $120,462,810,388 with a circulating supply of 97,269,014 $ETH. $ETH/USDT is trading between a 24hr high of $1,242.31 and a 24hr low of $1,213.49 on a 24hr OKEx volume of 328,784,944. This trading volume is moderate to heavy. The weekly price trend is up.
One Year Chart
One Day Candles
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Sunday January 28 2018 Bitcoin Background
Altcoins such as Ethereum ($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
2.77% price $11,860.10
vol $8,412,630,000
mktcap $199,629,499,702
16.83M #XBT 22:12 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php
XBTLivePriceTM
Yesterday
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Data sources
Main Data Source
OKEx is the main data source for this report. The One Day Candles chart, highlight chart, and all digital asset numeric trading data are from OKEx.
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 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 | $ 120,462,810,388 |
| Circulating supply | 97,269,014 |
| Last price | $ 1238.45 |
Daily High Low
| daily high | $1,242.31 USDT |
|---|---|
| daily low | $1,213.49 USDT |
Trend
The weekly trend is up. We’ve seen seven daily green candles in the last seven days.
Trend is “up” when the weekly price movement is predominantly upwards.
Resistance
Resistance is the highest price within the period:
| period | resistance |
|---|---|
| day | 1,242.31 USDT |
| week | 1269.07 USDT |
Support
Support is the lowest price within the period:
| period | support |
|---|---|
| day | 1,213.49 USDT |
| week | 945.09 USDT |
If you looked further back to January 13 2018 you would see a support level of $00.002 – less than a cent – per ether. The unusual price deflation didn’t last long. Ether’s current price is $1,238.45. OKEx support was diligent on this matter, transparently posting to Twitter about it:
Update on the unreasonably low price of ETH transaction https://t.co/4NzpBlgB1l
— OKEx (@OKEx_) January 14, 2018
This is refreshing to have timely and responsive communication over social channels about an exchange concern. OKEx comes off with high marks here. Other exchanges should take note that investors respond well to excellent exchange support and communication.
If you’d like to try out the world’s largest ether USDT exchange the register link is here:
Create a new trading account on OKEx.com
https://www.okex.com/user/register.do
Market sentiment
Market sentiment is neutral. We saw a large mid month selloff with at least four large red daily candles. Volume was heavy and price dipped substantially on these days. While we’ve seen the last week in green candle recovery, the mid month weakened support and selloff over a $300 high/low range is not that distant a memory.
Image courtesy Pixabay.com
Summary
Ethereum soars to a large daily, weekly and monthly increase on OKEx – the world’s leading ETH/USDT exchange. Ethereum is up 10.74% in 24 hours, up 17.93% on the week and up 76.24% on the month on a last price of $1,238.45. The Ethereum marketcap is $120,462,810,388 with a circulating supply of 97,269,014 $ETH. $ETH/USDT saw weekly resistance at $1,269.07 USDT and weekly support at $945.09 USDT. Market sentiment is neutral. The weekly price trend is up in daily moderate to heavy volume trading.
Analytic Strategy: Objective Analysis
Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.
Bitcoin & Ethereum
Ether
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Thanks for reading! 
Tags
Ethereum, $ETH, USDT, OKEx, Market, Report, $ETH/USDT, altcoins
source http://bitcoinswiz.com/eth-soars-on-okex-allcoinsnews-com/
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