**Breaking news:** 📉 Cryptocurrency analyst Benjamin Cowen suggests a high likelihood of Ethereum (ETH) dropping below $1,200 in the next 2.5 months, with further declines possible. Cowen argues that an adjustment is necessary before Ethereum's long-term uptrend can fully begin. By applying a log regression model to the ETH/USD weekly chart, he notes the potential for ETH to reach the $600 to $800 range, highlighting that ETH has experienced similar declines in the past before embarking on significant upward trends. As of now, ETH is trading at $1,556.40, down 2.20%. 💹📊
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