$ETH #cryptocurrency A widely followed crypto analyst is doubling down on his prediction for Ethereum (ETH), the top smart contract platform by market cap.
In a new strategy session, crypto analyst Benjamin Cowen tells his 787,000 YouTube subscribers that Ethereum is likely to collapse by the end of the year.
I think Ethereum returns home before it goes on any sustained bull run. A lot of people got excited – I mean, they can get excited all they want about this rally. It’s still just a 2X move. You can celebrate a 2X move if you want, but you can get that in the stock market pretty easily. I mean, a lot of stocks do 2X moves…
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You ride a 50X move up, and then, you know, you take a side, whether you’re bullish or bearish, and everyone celebrates $100 moves in either direction. But that’s not what you’re here for. What you’ll notice is that every time Ethereum made a rally to new highs, it did not happen until Ethereum went home first. ‘Home’ is the lower regression band