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Ethereum flashes rare death cross as Bitcoin hovers around $62K
Jul 8, 2026
< 1 min read
by Ashish Kumar
for CryptoPolitan
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AI Overview
Ethereum's 50-week moving average crossed below its 200-week average, forming a death cross that signals long-term bearish pressure and increased downside risk for ETH holders. Bitcoin has failed to break the $64,000-$65,000 resistance and is struggling to stay above $62,000, a pattern that could hurt retail investor confidence and weigh on broader crypto market sentiment, trading activity and adoption.
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The 50-week moving average of Ethereum crossed below the 200-week average, creating a “death cross.” This is seen as a long-term bearish indicator. Meanwhile, Bitcoin is struggling to stay above $62,000 after being unable to break through the $64,000 to $65,000 resistance area. Such a pattern matters for the retail investors who flocked into crypto...
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Coins
$ 64.15K
+2.32%
$ 1.80K
+2.94%Predictions Markets
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In This News
Coins
$ 64.15K
+2.32%$ 1.80K
+2.94%Predictions Markets
See what traders are focused on
Share: