Ethereum-ETH Price Hedges with the formation of the rare “Intersection of Death” which was recorded for the last time in 2022; What happens?

The price of Ethereum (ETH) was more than 30% in a few months of the exact intersection of the death on its graphic scheme for two weeks for the last time.

The price of Ethereum-Eth has increased slightly, recording $ 2,447, despite the drop in the CRIPTO market as a whole of approximately 3% in the last 24 hours after the current tensions of the Middle East caused market stability this week; While the developments linked to the rejection by the Torres judge of the final regulation between the American Committee on Securities and Exchanges (SEC) and the Ripple Labs have a negative impact on prices.

After that, the price of the Ethereum currency comes down to a weekly drop by 2% and monthly about 8%, the intersection of death calling for extreme pessimism on the graphic level of its two -week price movements, which should continue to bleed its price losses.

Although these technical intersections generally aim to put pressure on the owners of weak hands (skeptical as to monetary capacities) to get them out of the market, the basic pillars of Etheerium are always preserved by their force and their long -term long -term forest expectations.

Ethereum-Eth Prix Aspérations with the formation of a rare “death intersection” which was recorded for the last time in 2022, what happens?

By studying a period of two weeks of the price of the price of the Etheerium currency, it is clear that the average movement index of 20 negotiation periods, each two weeks (MA-20, in orange) recently settled without its decline with a range of 50 parallel periods (MA-50, blue) due to the drop in price by decline since the start of the year.

By examining the historical data, we can notice that the last time for these two indicators was the intersection of the death in September 2022 when the price of the ETH continued to go from $ 1,750 to $ 1,150 by December.

This represents a decrease of 34% and suggests that we can attend a sharp decrease in weeks and months to come.

There are other similarities with its performance in the second half of 2022, because the fact that the MacD index of Etheeerium (explained in the orange and blue colors) was an extensive negative intersection which led to the survival of the steering line without its counterpart for a period of about a year, because the price of the ETH currency fought to restore its highest level at the end of 2021.

Of course, the previous models do not guarantee that the price will follow the same path, especially since the circumstances are different this time due to the work of the White House to support the Cripto sector; However, we can also weight the possibility of the shocks of the Middle East tensions in the Cripto sector which can pay the price of the ETH to decrease a lot.

Although we can, through the most positive scenario, we emphasize that the intersection of death – formed on the graphic table at two weeks – was a witness to the passage of money with a wave of correction, perhaps followed by a new period of prosperity, therefore Ethereum occupies even more practical.

Consequently, we can expect that after having continued to decrease in the coming weeks, the price of the Ethereum currency will restore $ 3,000 in the last quarter and $ 3,500 by the end of the year.

Solaxy Coin continues to increase after its strong launch and $ 58 million, collected; Are you the best new currencies?

For those who are free from rehearsal of the previous historical precedents of Ethereum, there are new currencies that have taken a stronger dynamic, in particular the Solaxy -Solx provided to resolve a new second layer, which appeared recently after the result of its subscription exceeded $ 58 million.

After having listed the Solx currency on the Uiswap and Raydium platforms (Uiswap) recently, its price has increased by 5% in the last 24 hours after witnessing a solid start to the start of the week, which caused the price of its new levels to 0.001284 $ last Tuesday, that is to say, it provided 108% gains from 108% compared to the lowest levels In the first days of its inclusion on Monday.

This came in the middle of the investors rushing to buy the Solx part thanks to its exciting pillars with the launch of its first class class project on Solana, offering low transaction costs and completing the Hurricanes of other blockchain networks.

The next few weeks will attend the inauguration of the new ignition project to launch new currencies, which will allow the public of its users to issue their own currencies, while waiting for us to see its launch of its decentralized trading platform (DEX), to complete the Solaxy system, one of the most exciting new platforms in the sector.

It is ultimately reported that the owners of the part can have it mortgaged and earn a stable income without effort, which can increase demand over time. With rumors of rumors on their inclusion on new platforms, one time can be an ideal for buying it to take the opportunity to refuse its relative price.

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