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Mark Prestwood, which is the analyst of the company AMBCrypto, predicts a significant decline in the value of Ethereum to the dollar. Why this should happen and what will happen to the capitalization one of the main cryptocurrencies, he explained in his report.
The fall of the ETH is the expected event. On the chart of course coins clearly distinguished from the so-called “death cross”, explained Prestwood. Last time this happened was in April 2018, when the value of the coin exceeded $ 700. After the appearance of “cross” was started bearish trend and the price of the air began gradually to fall. During the year, the rate dropped to $ 140.
“Death cross” appears on the chart when the 200-day moving average moves above the 50-day moving average. Mark notes that the Ethereum goes to the end of the “death cross”, so expect a prolonged bearish trend. While AMBCrypto analyst does not exclude that the digital coin will drop to $ 100 over time.
At the moment the price of Ethereum is 177 dollars, and in recent days it has strengthened by almost 4%. Recall that recently Samson MOU, Director of Blockstream, Ethereum is also criticized. He noted that the coin is in a technological dead end due to scalability.
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