Crypto analyst Benjamin Cowen has shared his predictions for Ethereum (ETH) in 2024. He believes that while ETH might see a rally, it’s unlikely to break through the $3,000 mark.
A Potential Rally, But Limited Growth
Cowen, who has a large following on YouTube, points to historical market cycles. He suggests that ETH, which has been on a downward trend since March, might experience a rebound, but it’s unlikely to surpass the $3,000 price level. He believes the bull market support band will likely hold ETH back this year.
A Year-End Dip Before a 2025 Bounce?
Cowen also notes that Ethereum’s market cycle lows have typically occurred in December. Based on this pattern, he expects the final dip of this cycle to happen towards the end of 2024. He predicts that a sustainable bounce, potentially leading to new highs, might not occur until 2025.
Disclaimer:
It’s important to remember that these are just predictions and not financial advice. Always do your own research before investing in cryptocurrencies.
