Can Ethereum Dethrone Bitcoin? Crypto Daily TV 14/09/2022

In Todays Headline TV CryptoDaily News:

Terra falls back down to Earth: LUNA sinks 38% from recent high.

Terra’s LUNA mooned late last week, as the rebooted version of the crypto token surged 247%. But while the token has still picked up massive value over the last week, the ascent has stopped: now it’s down by more than a third from its recent peak.

Steep decline in capitalization.

The global crypto ecosystem witnessed a steep decline in market capitalization, $69 billion wiped out. Ethereum Merge is getting closer and the altcoin continues to show major relative strength.

Huge jump.

The value of Ravencoin is up over 85% over the last seven days in the final run-up to the Ethereum merge, according to data from CoinGecko. The pump in price comes as cryptocurrency exchange FTX announced the listing of Ravencoin perpetual futures.

BTC/USD dove 9.5% in the last session.

The Bitcoin-Dollar pair plummeted 9.5% in the last session. The CCI's negative signal is in line with the overall technical analysis. Support is at 212311 and resistance is at 230551.

The CCI is giving a negative signal.

ETH/USD dove 6.4% in the last session.

The Ethereum-Dollar pair plummeted 6.4% in the last session. The Ultimate Oscillator is giving a positive signal, going against our overall technical analysis. Support is at 1642.371, and resistance is at 1819.731.

The Ultimate Oscillator is currently in positive territory.

XRP/USD plummeted 6.4% in the last session.

The Ripple-Dollar pair dove 6.4% in the last session. The ROC is giving a negative signal, which matches our overall technical analysis. Support is at 0.3438 and resistance is at 0.368.

The ROC is currently in the negative zone.

LTC/USD dove 3.0% in the last session.

The Litecoin-Dollar pair plummeted 3.0% in the last session. The ROC is giving a positive signal. Support is at 58.5033 and resistance is at 64.6233.

The ROC is currently in the positive zone.

Daily Economic Calendar:

JP Imports

Imports of goods and services consist of transactions in goods and services (purchases, barter, gifts or grants) from non-residents to residents. Japan's Imports will be released at 23:50 GMT, the UK's Core Consumer Price Index at 06:00 GMT, and the Eurozone's Industrial Production at 09:00 GMT.

UK Core Consumer Price Index

The Core Consumer Price Index (CPI) measures the changes in the prices of goods and services, excluding food and energy.

EMU Industrial Production

Industry is a basic category of business activity. Changes in the volume of the physical output of the nation's factories, mines, and utilities are measured by the index of industrial production.

JP Exports

The Exports measure the local economy's total exports of goods and services. Steady demand for exports helps to support growth in the trade surplus. Japan's Exports will be released at 23:50 GMT, the US Producer Price Index at 12:30 GMT, and the UK's Consumer Price Index at 06:00 GMT.

US Producer Price Index

The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all processing states.

UK Consumer Price Index

The Consumer Price Index measures price movements by comparing the retail prices of a representative shopping basket of goods and services.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.