Monday, January 30, 2023
Dapps Club
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain Guide
  • Litecoin
  • Metaverse
  • Market And Analysis
  • Regulation
  • Top Exchanges
No Result
View All Result
DAPSS CLUB
No Result
View All Result
Home Ethereum

Here’s the Worst-Case Scenario for Ethereum (ETH), According to Crypto Analyst Benjamin Cowen

Karel Kašpar by Karel Kašpar
August 22, 2022
in Ethereum
0
Here’s the Worst-Case Scenario for Ethereum (ETH), According to Crypto Analyst Benjamin Cowen
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Macro Guru Raoul Pal Unveils 2023 Bitcoin and Ethereum Forecast, Says Positive Year Ahead

Ethereum & Big Eyes Coin in the new year

CapyMagi World Could Raise Millions In Hours! – CryptoMode

Crypto analyst Benjamin Cowen is laying out what he thinks could be the worst-case scenario for Ethereum (ETH) in terms of price action.

In a new strategy session, Cowen says that a potential dip down to the range between $400 and $800 is the worst thing we could see for ETH, but that it would also present the opportunity of a lifetime for bulls.

“Some people have asked me what is my worst-case scenario on Ethereum. For me, I would look at the logarithmic regression band and say that’s probably the worst-case scenario for Ether. If it were to just simply get rejected off of the bull market support band like it did in March… I would be looking at this as a potential accumulating phase of a lifetime.” 

Source: Benjamin Cowen/YouTube

On the other hand, Cowen also posits that the stars could align for Ethereum. According to the crypto strategist, ETH may take a different route if its highly anticipated update pushes through while the Federal Reserve loosens its monetary policy.

“If Ethereum gets rejected here and goes and puts in a lower low, I would likely consider that to be a better candidate for an accumulation phase of lifetime. If on the other hand, Ethereum rallies through and the transition from proof of work to proof of stake goes through amazingly without any issues – I do think that a lot of these software upgrades, you do need to understand that a lot of things go wrong – but if it goes off without a hitch, and the Fed pivots, then perhaps we could see some other route being taken.”

Ethereum founder Vitalik Buterin recently said that Ethereum’s upgrade is scheduled to roll out on September 15th.

I

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Warm_Tail





Source link

Tags: AnalystBenjaminCowencryptoETHEthereumHeresScenarioWorstCase
Share30Tweet19
Karel Kašpar

Karel Kašpar

Recommended For You

Macro Guru Raoul Pal Unveils 2023 Bitcoin and Ethereum Forecast, Says Positive Year Ahead

by Karel Kašpar
January 30, 2023
0
Macro Guru Raoul Pal Unveils 2023 Bitcoin and Ethereum Forecast, Says Positive Year Ahead

Real Vision CEO Raoul Pal says he believes that 2023 is going to be a positive year for risk assets and cryptocurrencies. In a new interview on the...

Read more

Ethereum & Big Eyes Coin in the new year

by Karel Kašpar
January 30, 2023
0
Ethereum & Big Eyes Coin in the new year

The year 2022 will go down as a traumatic year for the crypto market. After witnessing a lot of the cryptocurrencies plummeting and making the headlines. With big...

Read more

CapyMagi World Could Raise Millions In Hours! – CryptoMode

by Karel Kašpar
January 30, 2023
0
CapyMagi World Could Raise Millions In Hours! – CryptoMode

Both a cryptocurrency and a blockchain platform, Etherium is a favorite of program developers because of its potential applications, like so-called smart contracts that automatically execute when conditions...

Read more

Floki Soars 19% After Vote To Burn $55M Tokens

by Karel Kašpar
January 30, 2023
0
Floki Soars 19% After Vote To Burn $55M Tokens

FLOKI FLOKI/USD is surging over 19% in the last 24 hours, beating Bitcoin BTC/USD and Ethereum ETH/USD gains.What Happened: The rally in FLOKI price came as holders voted...

Read more

Ethereum Classic (ETC) Rises 4.93%, Outperforms the Crypto Market Sunday

by Karel Kašpar
January 30, 2023
0
Ethereum Classic (ETC) Rises 4.93%, Outperforms the Crypto Market Sunday

Ethereum Classic (ETC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has gained 4.93% to $22.7. InvestorsObserver is...

Read more
Next Post
Is cryptocurrency worth the risk in 2022? Investment Monitor

Is cryptocurrency worth the risk in 2022? Investment Monitor

Related News

Is Bitcoin (BTC) a Good Investment Saturday?

Is Bitcoin (BTC) a Good Investment Saturday?

October 16, 2022
What Does a Risk Analysis Say About Fuse Network (FUSE) Friday?

What Does a Risk Analysis Say About Fuse Network (FUSE) Friday?

November 26, 2022
Litecoin Soars 10%, Bitcoin Sustains $20K (Market Watch)

Litecoin Achieved Many Milestones in 2022 But Development Activity Took a Back Seat

December 28, 2022

Browse by Category

  • Altcoin
  • Artificial Intelligence
  • Bitcoin
  • Blockchain Guide
  • Business
  • Cryptocurrency
  • Ethereum
  • Featured
  • Litecoin
  • Market And Analysis
  • Metaverse
  • News
  • Regulation
  • Top Exchanges

Recent News

Institutions Pour Capital Into Bitcoin (BTC) at Highest Rate Since July of Last Year: CoinShares

Institutions Pour Capital Into Bitcoin (BTC) at Highest Rate Since July of Last Year: CoinShares

January 30, 2023
Crypto Trading Firm Cumberland Can Trade Crypto With Canadian Dollars

Crypto Trading Firm Cumberland Can Trade Crypto With Canadian Dollars

January 30, 2023
Meta Masters Guild Blasts Past $2.1 Million Raised in Presale – Just 5 Days Remain in Stage 4

Meta Masters Guild Blasts Past $2.1 Million Raised in Presale – Just 5 Days Remain in Stage 4

January 30, 2023

Categories

  • Altcoin
  • Artificial Intelligence
  • Bitcoin
  • Blockchain Guide
  • Business
  • Cryptocurrency
  • Ethereum
  • Featured
  • Litecoin
  • Market And Analysis
  • Metaverse
  • News
  • Regulation
  • Top Exchanges

Follow Us

Browse By Tags

Altcoin Altcoins analysis Analyst Big Binance Bitcoin Blockchain BTC Buy Cardano Coin Coinbase crypto Cryptocurrency Digital dogecoin ETH Ethereum Exchange Exchanges Eyes FTX Global GUIDE Heres Inu Investors Latest Litecoin LTC MARKET Metaverse News Prediction Price Regulation Risk Shiba Solana Today Token Top Trading week

© 2021 DAPPS CLUB

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain Guide
  • Litecoin
  • Metaverse
  • Market And Analysis
  • Regulation
  • Top Exchanges

© 2021 DAPPS CLUB

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?