Crypto Markets Analysis: While bitcoin appears positioned to trade flat, ether shows indications of being in an uptrend. GWilliamsJr_CMT reports
started June with losses after closing out their first losing months of 2023 in May. Despite similarities in performance, the CoinDesk Indices Trend Indicator for both assets implies differences in their near term direction.
The gauges are designed to convey the direction of price and strength of momentum for the assets. Daily signals are generated with BTC and ETH being associated with one of five distinct categories, ranging from “Significant Downtrend” to “Significant Uptrend”. Ether’s trend is relatively young, having moved from neutral to significant uptrend three days ago. Bitcoin, meanwhile, flipped from downtrend to neutral just four days ago.
Ether bulls would also likely point to the 274,000 ETH contraction in supply since September, as an indication of value and beginning to show effect..
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion: Losing your job shouldn't mean losing your identityMass layoffs at tech giants and retailers have hit thousands of Americans. There are dangers to tying our self-worth to our jobs.
Read more »
Bitcoin falls ahead of debt ceiling vote, heads for its first losing month of the yearBitcoin fell on Wednesday and was on track to post a down month as optimism around the debt ceiling rally fizzled.
Read more »
Sydney Sweeney Pairs a Micro Miniskirt With the Polarizing Heels-and-Socks TrendSee Sydney Sweeney's best outfits, from street style and Instagram selfies to red carpet-worthy events — for which she works with stylist Molly Dickson.
Read more »
Oakland A’s get long-awaited clutch hit as mammoth losing streak endsMLB: Paul Blackburn threw four innings for the Oakland A’s against the Atlanta Braves in his return from injury
Read more »
The All-Time Best Tips for Losing Weight and Keeping It Off, According to ExpertsThe All-Time Best Tips for Losing Weight Safely, According to Experts
Read more »
Amazon’s Alexa Is Losing Its Celebrity Voices Like Melissa McCarthy & Samuel L. JacksonAmazon’s Alexa will no longer sound like Samuel L. Jackson and Melissa McCarthy. The e-commerce giant has stopped sales of celebrity “personalities” for Alexa. In a note on the pr…
Read more »