Wednesday 4 September 2019
Ethereum, the world’s second-largest cryptocurrency, is struggling to find any sense of market momentum, with its price dropping almost 50 percent since its 2019-peak of $349. To make matters worse, Ethereum‘s market is on the verge of a “death cross.” This is a spooky technical pattern that’s only happened three times before in its history, reports digital asset research firm Delphi Digital in commentary shared with Hard Fork. “Death crosses” occur when an asset’s moving price average over the past 50 days dips (or ‘crosses’) below the moving price average over the past 200 days. These are highlighted on the…
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