{"id":567697,"date":"2021-07-07T11:54:55","date_gmt":"2021-07-07T08:54:55","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=567697"},"modified":"2021-07-07T11:54:55","modified_gmt":"2021-07-07T08:54:55","slug":"ethereums-death-cross-could-be-averted-by-the-aug-4th-london-upgrade","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/ethereums-death-cross-could-be-averted-by-the-aug-4th-london-upgrade\/","title":{"rendered":"Ethereum’s Death Cross Could be Averted by the Aug. 4th London Upgrade"},"content":{"rendered":"
Ethereum<\/a> is staring at a death cross between the 50-day moving average and the 200-day moving average as highlighted in the following ETH\/USDT chart.<\/p>\n <\/a><\/p>\n Also from the chart, the following can be observed:<\/p>\n To note is that Ethereum’s highly anticipated London Upgrade had been scheduled<\/a> for launch in the third quarter of 2021.<\/p>\n Yesterday, senior Ethereum developer Tim Beiko, proposed that<\/a> the London Upgrade should be activated at block 12,965,000 which is estimated to occur on August 4th between 13:00 UTC and 17:00 UTC.<\/p>\n Therefore, chances are that Ethereum might continue on its bullish trajectory due to the London Upgrade in August and thus result in the postponement or negation of the earlier identified death cross.<\/p>\n\n
Ethereum’s London Upgrade On August 4th Could Postpone or Negate the Death Cross<\/h2>\n
EIP1559 Is Set to Turn Ethereum into a Deflationary Asset<\/h2>\n