Crypto Analyst Benjamin Cowen Predicts Ethereum Price Decline by Year End

Crypto expert Benjamin Cowen has suggested that Ethereum (ETH) could experience a significant downturn before the end of the year. Speaking on the Bankless podcast, Cowen predicts that Ethereum may drop by more than 48% from its current value before rebounding in early 2025.

Cowen’s analysis indicates that ETH could potentially remain above $2,000 for a little while longer before dipping below that threshold in the fourth quarter of this year. He anticipates a recovery phase commencing in the new year. However, Cowen cautions that the occurrence of a recession could alter this projection, highlighting the uncertainty surrounding market conditions.

Drawing parallels to historical trends observed in 2016 and 2019, Cowen suggests that Ethereum might mirror previous patterns where it approached its logarithmic trend line. He envisions a scenario where ETH could decline to $1,200 before embarking on a bullish trend reversal.

Currently priced at $2,342, Ethereum has experienced a nearly 5% decrease in value over the past week. Cowen speculates that the cryptocurrency might hover around the $2,400 mark for a brief period following potential rate cuts before experiencing a decline. He emphasizes the importance of distinguishing between market fluctuations and the onset of a recession, indicating that price movements may align with anticipated trends rather than signaling an economic downturn.

Cowen’s insights underscore the dynamic nature of cryptocurrency markets, where price fluctuations can be influenced by various external factors. While his projections suggest a temporary dip in Ethereum’s value, they also hint at the potential for a strong rebound in the future.

As investors navigate the complexities of the crypto landscape, staying informed about market trends and expert analyses like Cowen’s can provide valuable insights for decision-making. The evolving nature of digital assets underscores the need for a cautious and informed approach to investment strategies in the crypto space.