CandleFocus Crypto Analyst Benjamin Cowen Issues Ethereum Warning, Says ETH Could See Bearish Q4 If History Repeats
2024-10-03
Author: Content Editor
Crypto analyst Benjamin Cowen is cautioning that Ethereum (ETH) may experience a bearish turn in the last quarter of this year, based on a similar pattern observed in 2016. He suggests that if the pattern continues, ETH could potentially see gains in the first half of next year. Cowen also highlights the importance of Tether Dominance (USDT.D) breaking below a trend line on the weekly timeframe for Bitcoin (BTC) to start a rally, as it would demonstrate increased accumulation of crypto assets. Additionally, Cowen shares a chart indicating that the crypto market may not surpass fair value and become overvalued until early next year, based on historical trends.
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