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.
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