What to know Ether’s price has dropped over 5% to $2,375 on Tuesday, with its 50-day simple moving average (SMA) on track to cross below the 200-day SMA to confirm the so-called “death cross.” The pattern indicates that the short-term momentum is about to underperform the long-term average, potentially evolving into a major bearish trend. […]
Ether’s (ETH) 11.5% slide over the past 24 hours has moved the second-largest cryptocurrency closer to a series of mammoth $340 million liquidations on collateralized debt platform MakerDAO. On-chain data shows three MakerDAO positions will be liquidated when the ETH price hits $1,926, $1,842 and $1,793. Each position is worth between $109 million and $126 […]