logo

$1,100 Ethereum Could Be Coming Before Real Rally Kicks Off, According to Benjamin Cowen – Here’s Why

By: bitcoin ethereum news|2025/05/13 23:00:11
0
Share
copy
Popular crypto analyst Benjamin Cowen thinks the top two digital assets could plunge in value over the next few months. In a new YouTube video, Cowen tells his 896,000 subscribers that Bitcoin (BTC) could swing below the bull market support band in August, potentially dropping to the $64,000 range. The bull market support band is formed by the 20-week simple moving average (SMA) and the 21-week exponential moving average (EMA). Cowen notes that BTC dropped below the band in August and September of 2023 and July, as well as in August and September of 2024. The analyst predicts that if Bitcoin drops to that level, Ethereum (ETH) could fall close to $1,000. “I would contend that Ethereum might not go lower than $1,100, because that is where the lower logarithmic regression trendline is, and the final low before a really big rally happened last cycle was around $116-$120 – 10x that, $1,100 to $1,200.” Cowen says the logarithmic regression band is designed to track the fair value of an asset using “non-bubble data.” The analyst also sees the possibility of the crypto market igniting a real rally in Q4 of this year. ETH is trading at $2,480 at time of writing. The second-ranked crypto asset by market cap is down more than 1% in the past 24 hours. BTC is trading at $102,536 at time of writing and is down more than 1.5% in the past day. Follow us on X, Facebook and Telegram Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Generated Image: Midjourney Source: https://dailyhodl.com/2025/05/13/1100-ethereum-could-be-coming-before-real-rally-kicks-off-according-to-benjamin-cowen-heres-why/

You may also like

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

A VC from the Crypto world said AI is too crazy, and they are very conservative

Amid the Crypto frenzy and with investors who once missed out on Pinduoduo, a new AI fund called Impa Ventures was established, rejecting bubble narratives and adhering to a conservative "problem-first" strategy to seek real business value.

The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall

The ten-year evolution of perpetual contracts: from pulling the plug on 312 to the shocking short squeeze of TRB, a deep dive into the pricing machine that averages $200 billion daily, written with countless liquidations and real money, detailing the blood and tears of risk control theory.

Kicked out by PayPal, Musk aims to make a comeback in the cryptocurrency market

Cashtags generated a trading volume of 1 billion dollars just a few days after its launch, marking a strong start for Musk's super app strategy. For the cryptocurrency market, X's layout may be one of the most anticipated sources of retail growth after the meme coin craze subsides.

Solana ETF News: What Is a Solana ETF and Why Is Goldman Sachs Betting $108 Million on SOL?

Solana ETF news today shows Goldman Sachs disclosed a $108M position while total SOL ETF inflows reached $1.45B. Analysts now expect up to $6B in institutional demand as Solana trades 71% below its all-time high.

Popular coins

Latest Crypto News

Read more