The bulls muster more strength as sETH rises by 20% from March 11 to March 17.

Between March 11 - March 17, sETH has been mostly bullish as its price has been in the rising mode. The price swings of SETH pointed to the presence of medium volatility. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of decreased trading volume.

While the volatility remains restrained, sETH isn't making any explosive moves. Our comprehensive data indicates that the price change of SETH has been moderate on the back of the average volatility of 6% for the given time period. The coin was the most volatile on March 11, when the range of its price fluctuations reached 8.72%. The price of the asset had fluctuated the least on March 15, when the volatility plummeted to 1.18%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.

On March 11, the first trading session of the reviewed time period, the market participants saw SETH moving up by 2%. The market sentiment on March 12 stayed as the coin obtained another 7%. The price range of sETH formed between $1 533 and $1 684 on March 13 as the price traveled 10% up. The trading volume on March 14 rendered support to the 3% bullish move of SETH. After the open at $1 713, sETH moved during March 15 in the range between the said open and the close at $1 654, having posted the 24H low at $1 633 and the 24H high at $1 721. The price action on March 16 saw the crypto coin moving along the following route: starting point at $1 657 and closing point at $1 674, while it also deviated to establish the high of the day at $1 677 and the low of the day at $1 653. On the last day of the reviewed period, the coin was locked between $1 689 and $1 742, though the price managed to puncture these levels to reach the 24H high at $1 771 and the 24H low at $1 672. $1 411 was the bottom of price action for the week, though the price went to the high extreme at $1 775 over the same time period. As a result of price action within the designated time period, the price movement range on the sETH market was established at $291 or 20% between the weekly low and the weekly high.

The trading activity on the sETH market over the past week - March 11 to March 17 - generated the average trading volume that went from $1 578 785 to $1 417 186. We can draw the comparison with the period of 7 days that preceded the reviewed one when SETH ’s trading volume varied from $57 641 to $7 383 230. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 407%, and the 20% price shift.

The total market capitalization of sETH during the past 7-day oscillated between $33 104 803, the starting point that was established on March 11, and $32 342 962 on March 17, the end date of the reviewed period. 2% was the calculated percentage change for the SETH market over the past week. The said 2% percentage change in market capitalization of the coin was accompanied by the 20% fluctuation in the price of the underlying asset. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $37 100 647 on March 4 and $32 719 058 on March 10, which translates to a 12% change.

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Article date: March 17 | March 11 - 17

Market reviews for similar coins for March 11 - 17