Ethereum, the largest altcoin by market cap, has just fired its second ever “death cross” — an ominous signal that could indicate a declining trend.

Despite the double appearance of the deadly sounding technical trigger, it might not spell certain doom for ETHUSD, as we’ll explain.

What To Expect From The Ethereum Double Death Cross

All eyes are now on Ethereum as another 1W death cross has appeared. The signal comes just weeks after a weekly golden cross, which immediately followed the first ever death cross in ETHUSD.

A death cross usually tells long-term trend traders that the trend will soon be pointed downward, and generates a sell signal in a moving average (MA) crossover trading system.

Since there is only one 1W death before this latest crossover of the 50-week MA and the …