/r/ethtrader

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r/EthTrader is a community-driven subreddit where users can discuss all things Ethereum, general cryptocurrency updates, and the macroeconomic factors impacting the market.

Welcome to /r/EthTrader, a 100% community driven sub. Here you can discuss Ethereum news, memes, investing, trading, miscellaneous market-related subjects and other relevant technology.

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Welcome to /r/EthTrader, a 100% community driven sub which complements the official Ethereum sub. Here you can discuss Ethereum news, memes, investing, trading, miscellaneous market-related subjects and other relevant technology.

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7

Ethtrader Market Update (2 November 2024): Weekend Edition

Good day legends and welcome to the weekend edition! ๐Ÿคฉ

Hereโ€™s a recap of what happened in the past 7 days:

Saturday (26 October 2024):

  • ETH closing price: $2482
  • ETH trading range: ($) 2430-2508

Sunday (27 October 2024):

  • ETH closing price: $2507
  • ETH trading range: ($) 2464-2527

Monday (28 October 2024):

  • ETH closing price: $2567
  • ETH trading range: ($) 2471-2589

Tuesday (29 October 2024):

  • ETH closing price: $2638
  • ETH trading range: ($) 2561-2681
  • US Conference Board Consumer Confidence much higher than forecast
  • US JOLTS Job Openings lower than forecast

Wednesday (30 October 2024):

  • ETH closing price: $2659
  • ETH trading range: ($) 2599-2722
  • US ADP Non-Farm Employment Change higher than forecast
  • US Advance GDP lower than forecast
  • US Pending Home Sales higher than forecast

Thursday (31 October 2024):

  • ETH closing price: $2518
  • ETH trading range: ($) 2511-2669
  • Bank of Japan kept rates unchanged but signaled possible rate hike in the future if data comes in as they forecast
  • Euro Area Consumer Price Index Flash Estimate higher than forecast
  • US Core PCE Price Index same as forecast
  • US Unemployment Claims lower than forecast

Friday (1 November 2024):

  • ETH closing price: $2511
  • ETH trading range: ($) 2467-2586
  • Switzerland Consumer Price Index lower than forecast
  • US Non-Farm Employment Change significantly lower than forecast at 12k jobs added versus forecast of 106k
  • US Unemployment rate same as forecast at 4.1%
  • US Average Hourly Earnings higher than forecast
  • US ISM Manufacturing PMI lower than forecast

WEEKLY: ETH trading range for the past 7 days (Saturday - Friday): ($) 2430-2722

MONTHLY: ETH start of October 2024 = $2602. OCTOBER Month-to-date returns: -3.50% ETH start of November 2024 = $2518. NOVEMBER Month-to-date returns: -0.28%

YEARLY: ETH start of January 2024 = $2281. Year-to-date returns: +10.08%

Today ETH opened at $2511 and was last traded at $2499 at 08:30 UTC.

Happy trading Ethtraders! ๐Ÿš€ ๐Ÿš€ ๐Ÿš€

68 Comments
2024/11/02
08:36 UTC

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