What to know
The price of Ether has fallen more than 5% to $ 2,375 on Tuesday, with its simple mobile average (SMA) on the way to cross below the 200 -day SMA to confirm the so -called “Cross of Death.”
The pattern indicates that the short -term impulse is about to have a return lower than the long -term average, potentially evolving to an important bearish trend. He often has impulse merchants chasing the disadvantage in the market, although the indicator record to predict price trends is mixed.
Other important tokens are also under pressure, with names such as BNB, Sol, Doge and Link that are negotiated below their 200 -day SMA as well as ETH. The 200 -day average is widely considered a long -term trends barometer, with falls below the same associated with a bassist feeling.
BTC, XRP, Tron, ADA and XLM move above their 200 -day SMA.
