Famous analyst Benjamin Cowen has drawn attention to the possibility of a serious decline in Ethereum (ETH). Cowen predicts that ETH/USD could exhibit a movement similar to the major corrections in 2016 and 2019, and states that this decline could be triggered by a possible interest rate cut by the Fed.

Analyst Benjamin Cowen, who predicted the recent sharp corrections in the cryptocurrency market, has issued warnings for Ethereum investors. Cowen predicts a significant drop in the price of ETH and shared this prediction on the social media platform X. Cowen suggested that Ethereum could repeat the major market corrections of 2016 and 2019.

Drawing attention to the decline experienced by Ethereum against Bitcoin, Cowen thinks that this is a sign of a more serious decline for ETH/USD. In this context, he warned investors by saying, "This idea is starting to look more convincing for ETH/USD."

Back in May, Cowen predicted a 70% drop in the price of ETH, and predicted that this decline could continue to around $1,150. Cowen emphasized that the last two times ETH/BTC lost value, ETH/USD fell by about 70%.

Cowen’s prediction is a serious warning for investors who have been expecting an increase in altcoins for the last 2.5 years. The analyst stated that Ethereum is showing a similar movement to the 2019 market cycle, and predicts that ETH may stay at current levels for a few weeks and then fall again after the Fed rate cut. “If it follows its 2019 trend, it will maintain these levels for a few weeks and then fall again after the Fed rate cut. There is no guarantee, we are just following the most useful analog, which has been the best guide so far this year,” he explained.

According to CME’s FedWatch tool, the probability of the Fed cutting interest rates next month has risen to 100% following recent corrections in both crypto and equity markets. This potential rate cut could be a catalyst for the projected drop in Ethereum’s price.

Last month, Cowen also predicted a significant correction for Bitcoin, noting that this correction was similar to the 2019 cycle. The analyst warned that this correction could lead to a major capitulation in altcoins against the US dollar.

FOR THE GIFT OF 10 DOLLARS PLEASE READ CAREFULLY.

My friends, you know that we, the publishers, are doing everything we can for you here. We are conveying to you the services and conveniences that our authorities have provided us. I have never withdrawn my support for both the cryptocurrency market and you, and on the contrary, I am trying to provide more support.

THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE ESPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION OF WHAT I HAVE SAID ABOUT THIS ISSUE BY CALLING LIVE HELP. IT IS A 10 DOLLAR CAMPAIGN MADE FOR YOU THROUGH ME.

Now I will explain how you will receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.

So who can benefit?

Our friends who have not yet activated the futures section, when you activate your FUTURES transaction section, you will earn $10 when you open it by entering my 88623008 reference code.

I EXPLAIN IN DETAILED.

My brothers and sisters who have become Binance members without a reference, please listen carefully;

When you do what I say in order, you will receive 10 USDT.

Go to the Futures Section from your application,

On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,

My brothers and sisters who want to complete this transaction and receive the 10 USDT reward until MAY 1 can do so. Afterwards, after activating your account, it is enough to open your first futures transaction.

The first 1,000 brothers who open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.

So let me give you a tactic like this; even if you open and close 20x with a $5 transaction, you will be entitled to the reward.

Even if you do this after May 1st, your reward will not come. So, do it until May 1st. In fact, I would say do it right now in 5 seconds.

It's very simple. Go to futures, enter my 88623008 referral code and activate the account. Then just open a transaction of 200 usdt in total and get the 10 usdt reward.

WHEN WILL THE REWARD COME?

Your $10 reward will come to the REWARDS section of your Binance application within 30 days from May 1. By activating it from there, you can use your $10 reward, or more than 300 lira, in futures transactions.

You can share this post with your friends in need so that they can also benefit from it.

IN THE MEANWHILE, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. EVEN IF YOU HAVEN'T FOLLOWED US YET, DON'T FORGET TO FOLLOW US. WITH MY REGARDS.