Over the last seven days, BTC is still down 10% and ETH by 12%. This has pushed the overall market capitalization to below the $1 trillion mark.The one-day Heiken Aishi candles called a reversal this week as the open/close spread is very tight., a major milestone for the second-largest blockchain, Ethereum, to have a positive impact on the crypto market as a whole, while others are saying it will have little effect on price.
Another indicator, bitcoin’s 200-week moving average multiple, a critical level of support used to determine an overall long-term market trend, is suddenly trending down.
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