Will Ethereum Not See $3,000 in 2024? Analyst Warns!

Analyst Benjamin Cowen, who said that it will be difficult for the Ethereum (ETH) price to rise above $3,000 in 2024, made a prediction by looking at past cycles. Cowen thinks that ETH could reach its bottom in December and that it will not be possible to reach new highs until 2025.

Cryptocurrency strategist Benjamin Cowen states that it will be difficult for ETH to exceed $3,000 in 2024. Considering past price movements, Cowen says that ETH has been in decline since March and is unlikely to exceed $3,000 even if there is a rally.

Cowen states that $ETH could bottom in December and that this situation is similar to the downtrends in 2016 and 2019. If history repeats itself in 2024, it will be difficult for ETH to reach new highs by 2025. This does not mean that we will not see $3,000, but it will be more difficult to reach that level.

With Bitcoin falling after exceeding $65,000, #Ethereum has also fallen by over 1% in the last 24 hours. ETH is currently trading at $2,727. The last 7-day price indicator shows a 6% increase. Ethereum’s market volume has fallen to $328 billion, while its trading volume has also decreased by 10% to $10 billion. This could indicate that investor interest is waning.

Will Ethereum not reach $3,000 in 2024? According to analyst Benjamin Cowen, #ETH is likely to bottom in December and not reach new highs until 2025. However, this is just a guess and markets are subject to change. Investors must make their decisions based on their own research.