News

Ethereum joins Bitcoin in piercing the ominous “Death Cross” threshold

"But since Friday, Ethereum is up 10% and cryptos are rebounding today..."

Today Ethereum’s 50 day moving average intersected the 200 day moving average in a downward trajectory.  This is referred to as the “Death Cross” and is considered by financial analysts as a selloff (aka “bear”) trend.  The question arises; how applicable are traditional financial analysis when applied to crypto?  Smaller market caps and a rapidly evolving technical and regulatory landscapes can lead to bigger, faster price swings that most traditional equities do not incur.  Many have speculated that the “death cross” will act as a buy signal to “institutional” and deep pocket investors such as the Rockefellers, Rothschilds & George Soros.  Only time will tell.

 

Via
zerohedge.com
Tags

Leave a Reply

Close