Ethereum Price Prediction – ETH Forms Rare ‘Death Cross’ Pattern Last Seen in 2022 – What’s Going On? - adtechsolutions

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Ethereum Price Prediction – ETH Forms Rare ‘Death Cross’ Pattern Last Seen in 2022 – What’s Going On?


Ethereum price Today it slightly increased to $ 2,447This step as a crypto market as a whole loses 3%in the last 24 hours.

Permanent instability in the Middle East has launched the market for a shaky foundation this week, while today’s reports on the rejection of the final settlement of the judge Torres between the SEC and Ripple also considered prices.

ETH therefore remains 2% per week AO 8% per month, with its two -week chart being a very bearish criminal cross that could indicate further losses.

Such crosses, however Long -term prediction of ETH price It remains bull.

The prediction of the Ethereum – ETH price is the rare formula of the “deadly cross” last seen in 2022 – what is happening?

Looking at the two -week Graph ETH, we see that its average diameter of 20 periods (orange) just dropped below 50 periods (blue), after the coin drop from the beginning of the year.

And if you scan back in time, you can see that the last two diameters created a criminal cross in September 2022, when the price of Ethereum from December went from approximately $ 1,750 to $ 1,150.

Graph of Ethereum prices.
Source: TradingView

This is a 34% decline, which means that in the coming weeks and months we may be going to see a similar steep decline.

There are other parallels with the second half of 2022, such as the fact that the gliding average convergence of Ethereum (orange, blue) has recently changed negative.

And after turning the negative in the middle of 2022, he remained below the baseline for more or less a year, because ETH tried to regain the maximum he enjoyed at the end of 2021.

Of course, past patterns are not a guarantee of the future, and it can be said that this time the circumstances are different about what with the prokrypt white house.

But we can also say Situation tense in the Middle EastThe crypto market could meet with shocks that pull the Ethereum price.

We could also suggest a more positive remark that the Cross of Death to ETH was a two -week chart at the beginning of the consolidation period, which eventually led to new growth.

And because Ethereum remains the largest layer network-one when it comes to tvlIt is the main position to grow again as soon as the conditions are more favorable.

On this basis, we can expect that after immersion in the coming weeks, the Ethereum price will return to $ 3,000 to Q4 and $ 3,500 by the end of the year.

SOLAXY will still gather after a big start and advance $ 58 million: the best new coin?

For these traders, they are afraid that history can repeat for Ethereum, there are newer chips that have more positive dynamics in the near future.

A strong example is SOLAXY (SOLX), new layer platform two This recently said after increasing the massive $ 58 million in the pre -platform.

His native token Solx has now been listed on Uniswap and Raydium, and in the last 24 hours it is 5%.

In fact, it was massive opening at the beginning of this week and on Tuesday it reached its current record maximum of $ 0.001284, which achieved 108% of profits above its lowest price on the day (Monday) that was listed.

Investors threw themselves into Solaxa because of their interesting basic basis, with the project opening the first correct network of Solana for the layer.

As such, it offers ultra -low transactions and very fast confirmation times that help users avoid overload, which can still affect the solan.

It allows immediate bridging between themselves and sole, while his team plans to expand its compatibility to other chains in the future.

In the next few weeks, they will see the arrival of its own Launchpad token, Igniter, through which someone will be able to release their own coins.

His own Dex is also on the way and helps Solaxs one of the most interesting new platforms in the crypto.

Holders of their native token, Solx, will be able to bet a coin for passive income, which should increase the demand for chip over time.

And with other exchanges that were called, it could now be very time to buy the token, while it remains relatively cheap.

Contribution The prediction of the Ethereum – ETH price is the rare formula of the “deadly cross” last seen in 2022 – what is happening? He appeared for the first time Cryptonews.





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