Crypto Analyst Warns of Potential Ethereum Crash as Altcoin Market Shows Weakness

Renowned cryptocurrency analyst Benjamin Cowen has issued a warning about a potential crash in Ethereum (ETH), the largest altcoin by market capitalization, compared to Bitcoin (BTC). This warning comes as the altcoin market continues to show signs of weakness. A 45% Drop Forecast for ETH/BTC Benjamin Cowen, known for his accurate crypto predictions, stated in a new strategy session that the ETH/BTC trading pair, currently valued at 0.066 BTC, could drop by more than 45%, plummeting to a level of around $1,650. According to Cowen, after a significant pullback, the ETH/BTC trading pair could trigger a recovery rally later this year: “All we’ve seen in the Ethereum/Bitcoin valuation, at least in the short term, is multiple lower peaks. Now, I’ll remind you over a longer period, we’ve seen a series of higher lows, but since 2017, we’ve also had lower peaks. Therefore, there is an element here that maybe it’s […] The post Crypto Analyst Warns of Potential Ethereum Crash as Altcoin Market Shows Weakness appeared first on COINTURK NEWS.