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Ethereum price prints 'death cross' after losing 13% versus Bitcoin from 2023 peak
ETH price is in danger of losing another 20% versus Bitcoin by March, based on a mix of technical and fundamental indicators.
Previous ETH price death cross preceded 27.5% drop
A death cross appears when an asset's short-term 50-period moving average moves below its long-term 200-period moving average. Such a chart pattern was seen in December 2007, foahead of the global economic crisis.
Similarly, the ETH/BTC's previous death cross in May 2022 preceded an approximately 27.5% price correction, dropping in parts as investors reduced exposure to altcoins and sought safety in Bitcoin amid the Terra collapse.
Read More: https://cointelegraph.com/news/ethereum-price-prints-death-cross-after-losing-13-versus-bitcoin-from-2023-peak
Ethereum price prints 'death cross' after losing 13% versus Bitcoin from 2023 peak
ETH price is in danger of losing another 20% versus Bitcoin by March, based on a mix of technical and fundamental indicators.
Previous ETH price death cross preceded 27.5% drop
A death cross appears when an asset's short-term 50-period moving average moves below its long-term 200-period moving average. Such a chart pattern was seen in December 2007, foahead of the global economic crisis.
Similarly, the ETH/BTC's previous death cross in May 2022 preceded an approximately 27.5% price...
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