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Death Cross Forms Amid Market Volatility: What’s Next?
As the crypto market continues to experience significant fluctuations, a death cross has formed for Ethereum (ETH). This development comes amidst concerns that the platform is losing its prominence due to a lack of lobbying efforts.
The death cross occurs when the 50-day moving average falls below the 200-day moving average. Given the recent decline in ETH’s value, it is crucial to examine what this event means and what can be expected next.
In an interview with U.Today, Consensys CEO, Joseph Lubin, stressed that Ethereum must remain neutral to continue its growth. He emphasized that key players are no longer silent, as they need to focus on a stronger messaging component in their work.
The recent decision by the SEC not to pursue charges against Consensys has allowed key players like Consensys to shift their focus from building to being more vocal about their work and messaging components.
According to Mr. Lubin, this change in strategy means that Ethereum’s players must be heads up and more vocal about their efforts while also adding a strong messaging component.
Source: U.Today
Source: https://u.today/consensys-ceo-says-ethereum-must-remain-neutral
