shows. The tally has increased by 2.6% since Ethereum developers announced the Shanghai upgrade on Dec. 8.The path of least resistance for ether is on the higher side, the cryptocurrency's breakout from a triangular consolidation pattern suggests."For now, the ether market appears to be in equilibrium near $1,400. If the U.S.
Consensus is for the Labor Department to show the year-on-year rate of headline CPI gains dropped to 6.6% in December from 7.1% in November. The core figure, which excludes the volatile food and energy component, is forecast to have dropped from 6.0% to 5.7%.The total market capitalization of all cryptocurrencies has increased by 12% to nearly $500 billion this month. The bullish revival, however, has been led by a select few coins, including ETH.
That's the message from the market breadth indicator, which measures the number of major cryptocurrencies trading above the 200-day simple moving average .in traditional markets to assess the degree of participation in a rally and broader market momentum. The market is said to be bullish when the breadth is above 50%. Major coins are ones with at least a $1B market valuation. .
In other words, most major coins traded below the key average, indicating weak breadth or degree of participation in the recent bullish turnaround.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BTCTN - 🏆 531. / 51 Read more »