According to a widely-followed crypto analyst, Ethereum (ETH), is likely to hit a new high in the coming months.
Benjamin Cowen, in a recent strategy session with his 917,00 YouTube subscribers, explained that the digital asset ranked second by market capital had met his criteria for forming an upper macro low. This would allow it to reach new heights.
For a very long time I was of the opinion that fading Ethereum was logical because it would bleed against Bitcoin and needed to be sent home. It had to create a higher macro low. Now, that’s happened. What is my opinion now? My bias is now that the stock will reach new highs, and I am going to predict no later than Dec .”
Cowen believes that Ethereum will reach its peak before the end of January 2026. The price cap is $7,500.
I think that the peak for Ethereum in this cycle of market will be no later than early January. It could even happen earlier. What happens depends. Let’s say Ethereum does reach a new high in this cycle, and that it occurs within the next five to six months…
This video was a whole one on the Butterfly Effect. If you follow the process, the price of Ethereum could range from $5,300 up to $7,500. This is why I repeat it. If you follow the butterfly harmonic pattern we have been following, then a price range of $5,300- $7,500 would make sense. .”
Cohen says that the butterfly effect is a pattern of harmonics which leads to an eventual cycle peak and a subsequent bear market.
At the time of this writing, Ethereum was trading at $3,499, which is a 3 % increase over the past 24 hours.
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Sources of Images include Pixabay Creative Commons & Midjourney
The post Ethereum to Break All-Time Lows in the Coming Months, predicts Benjamin Cowen. Here’s when may change as new information becomes available.
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