A daily signal that conveys the direction and strength of the current price trend of ethereum. The CoinDesk Ether Price Index (ETX) provides a USD-denominated reference rate for the spot price of Ether (ETH). The index leverages real-time prices from multiple constituent exchanges to provide a representative spot price.
What are indexes used for?
An index measures the price performance of a basket of securities using a standardized metric and methodology. Indexes in financial markets are often used as benchmarks to evaluate an investment's performance against. Some of the most important indexes in the U.S. markets are the S&P 500 and the Dow Jones Industrial Average.
What is the S&P Ethereum index?
See More The S&P Ethereum Index is designed to track the performance of the digital asset Ethereum. The S&P Ethereum Index is designed to track the performance of the digital asset Ethereum.
What is a real-time index & how does it work?
The algorithm is designed to calculate a real-time index that is an accurate and reliable reflection of the market price of each digital asset, using multi-sourced spot prices and dynamically reduce the weights of individual exchanges with lower liquidity, inactivity, and higher price variance.
