Ethereum Faces Potential Q4 Decline, Analyst Predicts Rebound in 2025
04.10.2024 8:30 1 min. read Alexander Zdravkov
Crypto analyst Benjamin Cowen has cautioned that Ethereum (ETH) could face a bearish trend as 2024's final quarter approaches.
Cowen noted that ETH might be mirroring a pattern observed in 2016, which suggests potential declines in the upcoming months. He believes, however, that if this trend holds, Ethereum could rebound significantly in the first half of 2025.
As of now, Ethereum is priced at $2,375, reflecting a 3.3% drop over the past day. Cowen also mentioned that for Bitcoin (BTC) to initiate a rally, Tether’s market dominance (USDT.D) should fall below a crucial trend line on the weekly chart.
This shift would indicate that traders are using their stablecoins to acquire other cryptocurrencies. Historically, a declining USDT dominance has correlated with upward trends in Bitcoin’s price.
In addition, Cowen shared insights on the crypto market’s overall valuation, indicating that the market may not surpass its fair value until early next year.
He referenced historical patterns, noting that previous cycles saw significant overvaluation occurring well after the halving events, suggesting that a similar pattern could unfold this time around.
-
1
VanEck Aims to Bring First U.S. Binance Coin ETF
05.05.2025 18:00 2 min. read -
2
SEC Stalls Dogecoin and XRP ETFs as Wave of Crypto Fund Applications Grows
30.04.2025 19:00 1 min. read -
3
Dogecoin Signals Bullish Reversal With Fresh Buying and Rising Hype
02.05.2025 17:00 2 min. read -
4
Pectra is Boosting Ethereum Network, Pushing the Price Toward $2,000
08.05.2025 17:00 1 min. read -
5
This AI-Focused Altcoin Skyrockets 161% Amid Explosive Adoption
29.04.2025 16:00 1 min. read
Binance Prepares New Token Launch with Exclusive Airdrop for BNB Stakers
A new liquid staking token, Haedal Protocol (HAEDAL), is making its way to Binance’s spot market this week, accompanied by an airdrop targeting loyal BNB holders.
Investor Uncertainty Grows as XRP Loses $16B in Market Value Amid ETF Delay
XRP’s market performance has taken a hit, shedding over $16 billion in value over the past week as regulatory indecision continues to cloud its outlook.
Crypto Markets Heat Up as Bitcoin Tests All-Time High — But Altcoins Remain in Waiting Mode
Momentum is building across the digital asset space as Bitcoin edges closer to its previous peak near $109,000, igniting renewed speculation about whether a broader altcoin surge is about to follow.
SUI Price Prediction: Is $5 The Next Target for Solana’s Biggest Rival?
Sui (SUI) has surged by 81.5% in the past month and has jumped to the 11th place in the list of most valuable cryptocurrencies as per data from CoinMarketCap. The launch of the SUI Trust by Grayscale and the submission of an application by 21Shares for a SUI-linked exchange-traded fund (ETF) were some of the […]
-
1
VanEck Aims to Bring First U.S. Binance Coin ETF
05.05.2025 18:00 2 min. read -
2
SEC Stalls Dogecoin and XRP ETFs as Wave of Crypto Fund Applications Grows
30.04.2025 19:00 1 min. read -
3
Dogecoin Signals Bullish Reversal With Fresh Buying and Rising Hype
02.05.2025 17:00 2 min. read -
4
Pectra is Boosting Ethereum Network, Pushing the Price Toward $2,000
08.05.2025 17:00 1 min. read -
5
This AI-Focused Altcoin Skyrockets 161% Amid Explosive Adoption
29.04.2025 16:00 1 min. read