Posted 1/28/2024, 9:00:54 PM
Analyst Predicts Ethereum Could Crash Below $1,000 This Year
- Crypto analyst Benjamin Cowen predicts Ethereum will likely crash below $1,000
- Historically, Ethereum tests the integrity of major cycle lows at least twice before a new bull phase
- Cowen expects Ethereum's Bitcoin pair (ETH/BTC) to break down first, followed by ETH/USD
- The analyst believes the crash could happen within the next few months
- Cowen notes bullish narratives like the ETH spot ETF could delay the breakdown, but it's still likely this year