“Crypto Analyst Benjamin Cowen Forecasts Sharp Ethereum (ETH) Drop: Bottom at $875 Possible

Noted crypto analyst Benjamin Cowen has issued an unconventional warning for the cryptocurrency market during its bull phase, suggesting that Ethereum (ETH) could experience a sharp decline. Cowen believes that ETH is poised to retest its long-term trend indicator prior to initiating a new bull market run. Cowen Projects a Target of $875 for ETH in the Most Likely Scenario In a recent strategy session, famed crypto analyst Benjamin Cowen highlighted that since 2017, Ethereum has followed its fair value logarithmic regression band, which has served as a support. Cowen asserts that the logarithmic regression band is designed to track the fair value of an asset, using non-bubble data. Under a positive scenario, Cowen proposes that Ethereum could retest the upper boundary of its trend indicator. This retest coincides with the lowest point of ETH’s bear market, around the $875 mark. Cowen explained: What’s interesting is that the fair value […] The post “Crypto Analyst Benjamin Cowen Forecasts Sharp Ethereum (ETH) Drop: Bottom at $875 Possible appeared first on COINTURK NEWS.