A widely-held Crypto analyst says Ethereum (ETH) is set to reach an all-time high in the coming months.
In a new strategy session, Benjamin Cowen tells 917,000 YouTube subscribers that the second-largest digital asset by market capitalization meets the previous criteria of forming a higher macro low, and so he has finally set it up for a push to a new high.
“For a long time, my bias made sense to wander Ethereum to bleed on Bitcoin and I had to go home. It had to form a higher or lower macro. Now, that’s happening now.
Cowen believes that Ethereum will reach the top of the market cycle by January 2026 with a maximum price of $7,500.
“I think the top of Ethereum in this market cycle will occur by January. It can happen very often before that. It depends on what happens. So let’s assume that Ethereum goes to a new cycle of this cycle and happens within the next five to six months…
We did this whole video with butterfly effect. Basically, after the effect of the butterfly, you need the price of Ethereum. So I’ll say that again. $5,300 to $7,500 is the range that is justified if you believe in the harmonic patterns of butterflies that we’ve been following for a while. ”
The butterfly effect refers to the harmonic patterns that Cohen thinks Ethereum is following. This leads to the top of the cycle and the subsequent bear market.
Ethereum is trading at $3,499 at the time of writing, an increase of 3% over the past 24 hours.
https://www.youtube.com/watch?v=dqmzibgsoms
Generated Image: Midjourney
