Ethereum at ‘Very High Risk’ of Collapse to Much Lower Levels, Says Analyst Benjamin Cowen – Here’s His Target
Ethereum Ethereum at ‘Very High Risk’ of Collapse to Much Lower Levels, Says Analyst Benjamin Cowen – Heres His Target 8 segundo ang nakalipas Balita ng Ethereum ng Bitcoin Widely followed crypto analyst Benjamin Cowen is warning that Ethereum (ETH) could collapse in price despite rallying after a network upgrade. In a new strategy session, Cowen tells his 785,000 YouTube subscribers that ETH could plummet by more than 57% from its value of $1,869 at time of writing. Cowen believes that ETH will return “home,” a term he uses to describe the fair-value logarithmic regression trendline using “non-bubble data.” According to Cowen, even though ETH had rallied and traded at the $2,000 level after the recent Shapella network upgrade, the smart contract platform will likely retest lows within the upper and lower bounds of the logarithmic regression chart. Cowen says the fair-value logarithmic regression trendline is currently at around $800. However, he says there is also a possibility for Ethereum to repeat a pattern in 2019 and 2020 when ETH dipped below the fair-value logarithmic regression trendline.