ETH Plunge Incoming: $1,400 on Horizon, Warns Crypto Analyst
ETH Plunge Incoming: $1,400 on Horizon, Warns Crypto Analyst
According to Daily Hodl, crypto analyst Benjamin Cowen analyzed and predicted in a YouTube video that Ethereum (ETH) could be heading towards a sharp decline. Cowen highlighted that ETH has broken below its long-term 'Bull Market Support Band' (BMSB), which has preceded significant price drops in the past. He believes this could lead to a 50% decline in the value of ETH. Previously on May 16, 2024, Cowen had shared his analysis suggesting a potential ETH decline below $1,400.