Nailed on the under $2,000 Ethereum fix, analysts have announced what they think is the best path for ETH Bull in the coming months.
In a new strategy session, Crypto strategist Benjamin Cowen tells 925,000 YouTube subscribers that he sees Ethereum igniting a breakout rally in the coming days.
However, Cowen warns that ETH should not be too afraid of missing out (FOMO). Otherwise, analysts say that the rally could be a blow-off top.
“If ETH likes $6,000 or something, it could be that and I don’t want that.
I want a little longer, so I think the best case for the market to set up October strongly is that it will be a better scenario, if Ethereum will pull back to September and allow an explosive October. ”
Earlier this month, Cowen predicted that Bitcoin (BTC) would return in September. The trader sticks to his predictions.
“My opinion is that the most likely outcome is that Ethereum will be on top of the local area around next week.
A pullback to a 20-week SMA (simple moving average) could occur in Bitcoin in September.
So we’re going to lower Ethereum.
Now, when Bitcoin gets that pullback, ETH could drop against Bitcoin. That’s the most likely outcome. ”
At the time of writing, ETH is trading at $4,376.
https://www.youtube.com/watch?v=0my0cglvela
Generated Image: Midjourney
