Crypto NewsEthereum (ETH)

Here is a realistic long-term Ethereum price prediction, according to crypto analyst Benjamin Cowen

Crypto analyst and trader Benjamin Cowen reveals what he thinks is still ahead Ethereum (ETH) until 2022.
In a new strategy meeting, Cowen tells his 663,000 YouTube subscribers that Ethereum has been in a consolidation phase for most of 2021.

To get an idea of ​​what might happen next for ETH, the analyst looks at previous phases of consolidation in 2016 and 2017, both of which preceded massive upward breakouts. Cowen says that a combination of those two phases is likely waiting for you in Ethereum today.

“I think it probably won’t be either. It could be a mix of both. Maybe we’ll do something in the middle and we’ll break out. I’m not sure, but I would expect Ethereum to hit all-time highs in 2022 and possibly continue through 2023, but I think it is highly speculative to count on it at the moment. “

Cowen notes that Ethereum’s current consolidation phase of 2016 is similar to that of 2016 in that it stays within a 2x window. While ETH was between $ 8 and $ 16 in 2016, it hovered between $ 2,000 and $ 4,000 for most of 2021.

The analyst says Ethereum’s consolidation could last until mid-2022, but an outbreak will be the likely end result.

“The trick is that this can’t go on forever without eventually turning into one Bear market to guess. So I can imagine that we’re getting some kind of movement upwards. I don’t know how high it will go. I would expect $ 10,000 to be a reasonable goal. We could even reach $ 20,000. It’s hard to say … I envision another sideways movement for a while, especially there Bitcoin looks a bit weak at the moment. “


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Source: Crypto News Deutsch

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