CandleFocus Top Analyst Issues Ethereum Alert, Says There’s a ‘Decent Chance’ ETH Crashes in December – Here Are His Targets
2024-10-24
Author: Content Editor
Crypto analyst Benjamin Cowen is cautioning investors that Ethereum (ETH) may experience a crash in December. Cowen references historical patterns, noting that in both 2016 and 2024, ETH saw significant drops in April and August, with the possibility of another drop before the end of the year. He also suggests that the ETH/BTC pair could decline to as low as 0.036 if it fails to maintain support at 0.038. Cowen believes that the low point for ETH/BTC will occur before the end of the year or by the second week of January at the latest. He adds that the pair needs to surpass its 50-day simple moving average (SMA) for the low to be confirmed.
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