A widely followed crypto analyst says that Ethereum (ETH) looks set to reach a new all-time high within the next few months.

In a new strategy session, Benjamin Cowen tells his 917,000 YouTube subscribers that the second-largest digital asset by market cap has met his previous criteria of forming a higher macro low, therefore setting it up for an eventual push to new highs.

“For a long time, my bias was that it made sense to fade Ethereum because it was going to bleed against Bitcoin, and it needed to go home. It needed to form a macro higher low. Now, that’s happened. So, what is my bias now, right? Well, my bias now is that it will make new all-time highs and I’m going to say no later than December.”

Cowen sees Ethereum hitting its market cycle top before January 2026, with a maximum price tag of $7,500.

“I think the top for Ethereum for this market cycle will occur no later than January, and it could very well occur before that. It depends on what happens. So let’s suppose that Ethereum does go to a new all-time high this cycle and let’s suppose it happens within the next 5 to 6 months…

We did this whole video on the butterfly effect, where essentially if you go through the butterfly effect, it calls for a price of Ethereum, potentially of $5,300 to as high as $7,500. So, I say that again. $5,300 to $7,500 is a range that would be justified if you believe in that butterfly harmonic pattern that we’ve been following for a while.”

The butterfly effect refers to a harmonic pattern Cohen believes Ethereum is following, one that leads to a cycle top and an ensuing bear market.

Ethereum is trading for $3,499 at time of writing, a 3% increase during the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A closely followed analyst who accurately called that the crypto bull market will be focused on Bitcoin (BTC) now believes that it’s time for Ethereum (ETH) to shine.

In November of 2024, analyst Benjamin Cowen predicted that Ethereum would “come home” or drop to its logarithmic growth trendline based on historical patterns.

In April of this year, Ethereum fell to around $1,550, prompting Cowen to declare that ETH had come home.

Now, Cowen says that Ethereum rallies will be partly fueled by capital rotation from altcoins to ETH.

“If you bought ETH when it went home and feel like you are missing out on ALT rallies, consider this:

The collective altcoin market is down 40% against ETH since ETH went home.

We are at the:

‘Yes your alt went up, but does it bleed against Ethereum’ phase of the cycle…

When ALTs bleed to BTC, be in BTC over ALTs.

When ALTs bleed to ETH, be in ETH over ALTs.

It’s not that complicated.” 

The analyst also believes that Ethereum has a solid shot at printing new all-time highs once it takes out a resistance level that has kept the market bearish since December 2021.

“Since ETH went home, the next time it reaches $4,000, there is a good chance it actually breaks through. One way for this cycle to feel more complete is for ETH to rally to new highs sometime over the next half-year.”

At time of writing, Ethereum is worth $3,725.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A trader who continues to build a following with timely calls on Bitcoin (BTC) and altcoins is issuing a warning on the broader crypto market.

Crypto analyst Benjamin Cowen tells his 1 million followers on the social media platform X that he sees Bitcoin breaking support at $100,000.

“Will likely see BTC back at its bull market support band soon, back in the mid-$90,000 range.”

The bull market support band is formed by the 20-week simple moving average (SMA) and the 21-week exponential moving average (EMA).

The analyst says his prediction is based on Bitcoin’s price action in the last two years, when Bitcoin started to roll over and gave up gains in the third quarter.

“I’ve mentioned for a while on Youtube that Bitcoin would likely start exhibiting some weakness around mid-June as the Q3 weakness starts to present itself.

The same thing happened the last couple of years.

I think the next low is around August/September.” 

At time of writing, Bitcoin is trading for $105,092.

Looking at the altcoin market, Cowen warns that his expected Bitcoin correction will trigger a brutal capitulation event for alts.

“It may be finally time to rip the band-aid off for ALT / BTC pairs.

To the range lows!” 

A bearish altcoin versus Bitcoin chart indicates that alts are losing value faster than BTC.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Analyst and trader Benjamin Cowen believes Bitcoin (BTC) is primed to continue outperforming altcoins.

In a new strategy session, Cowen tells his 892,000 YouTube subscribers that the total market cap of altcoins (Total3) when paired against Bitcoin is going to continue on a downtrend.

Total3 is the total market cap of all cryptocurrencies with the exception of Bitcoin and Ethereum (ETH).

“…now altcoin/Bitcoin pairs are somewhat flat. I think they’re probably going to spend the next few weeks dropping just like they did last year… “

Cowen further says that Bitcoin is likely to continue outperforming altcoins until the US monetary policy eases.

“My base case right now for Bitcoin dominance is that it will likely go higher until quantitative tightening is over…

… I’m bullish on Bitcoin dominance because quantitative tightening has not ended. If the Federal Reserve were to end quantitative tightening at the next Federal Open Market Committee (FOMC) meeting, then it’s possible that my opinion would change.”

Bitcoin dominance is the ratio of the total market capitalization of BTC relative to all other crypto assets. A rising Bitcoin dominance indicates that Bitcoin is either rising faster relative to other crypto assets or its decline is relatively muted compared to the rest of the digital asset market.

On when the Federal Reserve could ease the US monetary policy, Cowen says,

“Now, I don’t know how long it’s going to take them to end quantitative tightening, it’s possible they end it this summer.”

Bitcoin is trading at $84,270 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Popular crypto analyst Benjamin Cowen says Bitcoin (BTC) may have an explosive counter-trend rally if one event occurs.

In a new YouTube video, Cowen tells his 892,000 subscribers that Bitcoin might repeat its 2019 price action when BTC rallied to a lower high during the early stages of its correction before heading to lower levels and bouncing.

According to Cowen, Bitcoin might mirror the price action and drop to a new 2025 low before sparking a massive counter-trend surge.

“Let’s suppose that it does result in a lower high. Let’s just be pessimistic for a moment. Okay, let’s say it results in a lower high, and then it goes to a lower low. There is still a chance that a lower low, like what happened in 2019, could find support still in this range [between $69,000 and $75,000], which is ultimately where you would want to find support at the lowest for the cycle to continue.

So the good news is, since we didn’t really go in that range, if there is another drop, I would imagine there would at least be some support there, and then it could lead to a larger counter-trend rally. Back then, it just swept the price, it swept the high from the death cross rally. But it could lead to something more substantial.”

Cowen notes that the counter-trend rally in 2019 was short-lived as macroeconomic conditions suddenly worsened.

“Now, the reason why the secondary rally failed right there, of course, was because the market can no longer ignore the recession. That was the issue. The market can’t ignore an unemployment rate at like 15%.”

Bitcoin is trading for $84,675 at time of writing, up 1.1% in the last 24 hours.

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Popular crypto analyst Benjamin Cowen thinks Ethereum (ETH) is mimicking its 2019 cycle.

In a new YouTube video, Cowen tells his 891,000 subscribers that ETH’s recent price points look like a 10x reflection of what it tracked six years ago.

“Ethereum’s going through the same structure that it went through in 2019, but the reason why the cycle feels so different is because it has taken place over a much longer period of time. But there’s a reason why it’s taking place over a much longer period of time, and the reason is that quantitative tightening has lasted a lot longer. Remember last cycle, QT ended in the pre-halving year. We’re now not that far from being halfway through the post-halving year and QT still hasn’t ended, but it probably will within the next few months.” 

Quantitative tightening (QT) is when central banks shrink their budgets to reduce the amount of money circulation in the economy as a means of countering inflation.

Cowen says a document summarizing a Federal Open Market Committee meeting in January suggests the U.S. Federal Reserve might end QT by mid-2025.

Ethereum is trading at $1,652 at time of writing. The second-ranked crypto asset by market cap is up nearly 12% in the past 24 hours.

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Cryptocurrency analyst Benjamin Cowen is warning that a weakening stock market may cause Ethereum (ETH) to retest lower price levels.

In a new strategy session, Cowen tells his 889,000 YouTube subscribers that the S&P 500 may continue to show weakness in April, which, based on historical precedence, may result in ETH also declining.

“What I’m wondering is what happens if you do see the S&P 500 continue to show weakness into early to mid-April? Remember, we said there’s going to be weakness by the stock market between February OPEX (Option Expiration Week) and March OPEX. We got that, but I also said there’s a possibility that it could extend into early to mid-April as well before there’s a larger counter-trend rally.

And the reasons for that could be due to tariff uncertainty on April 2nd. It could also just simply be due to, there’s a lot of macro data coming out in early to mid-April that I think the markets are going to be interested in. And one of the reasons I think the markets are going to be interested in it is because with all these tariffs, it could potentially have an effect on inflation.”

Cowen says ETH may drop to its logarithmic trendline, potentially as low as $1,044, amid recessionary pressures, before reclaiming the $3,000 level as support.

“I’m just looking over here at ETH/USD [on the weekly chart], and I see a triple top, and I just have to wonder does it ultimately culminate in a recession, where everyone thinks that by the time the recession is declared it’s over, but the reality is the market was pricing it in well ahead of time, so that you get this big drop and then a big move out of it. We’ve been talking about that for a while, and it’s the whole idea that ETH goes home.”

ETH is trading for $1,909 at time of writing, up 4.7% in the last 24 hours.

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Cryptocurrency analyst Benjamin Cowen is highlighting a technical signal that could trigger a massive leg down for Bitcoin (BTC).

In a new strategy session, Cowen tells his 888,000 YouTube subscribers that Bitcoin could witness a death cross “in about one to two weeks” if the status quo remains.

A death cross is a bearish signal that occurs when an asset’s 50-day moving average crosses below its 200-day moving average.

According to Cowen, a sell-off could precede the death cross.

“There’s plenty of times where there’s a sell-off just before the death cross, just before it… If it happens again, it could be kind of a scary time.”

Based on the trader’s chart, he seems to suggest that a looming death cross foreshadows a Bitcoin correction, as witnessed in 2019 and 2021.

The widely followed analyst also unveils his outlook in the event that his bearish prediction takes place.

“Usually there’s a low around the time of that death cross and depending on how low the price is at that time would sort of give us some insight into the fate of the next rally – whether it’s a rally to a new high or just a counter-trend rally to a lower high.”

According to Cowen, a drop below $70,000 could mean that Bitcoin has broken the market structure and will not rise above the current all-time high of around $109,000.

“…[BTC could] resolve to a lower high if Bitcoin goes into the $60,000s, especially the low $60,000s… …if it’s like $63,000, it’s going to be hard to ignore.”

If Bitcoin carves a local bottom above $70,000, Cowen says,

“If it holds above $73,000, then there’s no guarantee with the market, but it would suggest that the structure of the market remains intact.”

Bitcoin is trading at $85,052 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A popular crypto analyst thinks Ethereum (ETH) will have to endure some “pain” before rebounding.

In a new YouTube video, Benjamin Cowen tells his 886,000 subscribers that there probably needs to be a change in monetary policy in order for ETH’s chart against Bitcoin (BTC) to bottom.

“But in order to have a change in monetary policy, you have to have pain. Welcome to the pain. This is the pain that you ultimately need. Remember last cycle [in 2019], ETH/Bitcoin bottomed after ETH/USD broke support.” 

Cowen notes that ETH fell below its support level against the US dollar in 2019 right before the Federal Reserve ended quantitative tightening.

The analyst says that everything that happened in the previous cycle is “basically happening this cycle, it’s just taking place on a longer timeframe.” Cowen also notes that most of the price points of the current cycle are roughly 10x what they were in the 2019 market.

“The reason why people are having a hard time navigating this cycle and why it feels so different is because monetary policy never changed this cycle. In the last cycle, we saw a change in monetary policy in the pre-halving year. We’re now in the post-halving year and we still haven’t seen a change to the quantitative tightening. We’ve seen them taper it a little bit. They’ve slowed it down, but they’ve never actually stopped it.”   

ETH is trading at $1,907 at time of writing. The second-ranked crypto asset by market cap is down more than 1% in the past 24 hours.

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Widely followed crypto analyst Benjamin Cowen says that altcoins are likely to collapse in the third quarter of 2025.

In a new strategy session, Cowen tells his 874,000 YouTube subscribers that judging by previous cycles, altcoins likely have another leg to move down sometime during Q3 of movement as their movements are largely coupled with the price action of Bitcoin (BTC).

He says that around November is when altcoins can mount their recovery.

“I think at some point this year, [altcoins are] probably going to break down… And maybe [they’ll] do that this summer and then we’ll see them sort of bounce back up later on this year, something like where they come down here and then maybe go up. Remember, [the] big move by alt/Bitcoin pairs in 2017 didn’t actually occur until November so you have to remember that.”

Cowen’s chart, which examines TOTAL3 – an index that tracks the total value of all digital assets excluding Bitcoin, Ethereum (ETH) and stablecoins – appears to suggest that it will fall below the 0.27 line when paired against BTC. TOTAL3/BTC is currently sitting at 0.47.

In previous cycles when TOTAL3/BTC touched the 0.27 area, the altcoin market collapsed.

Cowen goes on to say that the health of the altcoin market is largely dependent on BTC, and potentially the yields in 10-year Treasuries which often reflect investors’ general risk appetite.

“If Bitcoin breaks up to a new cycle high, then I think Bitcoin would lead that move, so the altcoin markets’ fate in March is just dependent on Bitcoin. If Bitcoin goes up, they’ll go up too…

If Bitcoin breaks down, I think it would probably correspond to maybe a surge in the long end of the yield curve, and that is something we’ve been tracking. If you actually look at the 10-year yield, one of the things that actually caused Bitcoin to sort of consolidate [previously] and then eventually break down was a surge of the 10-year yield.”

Bitcoin is trading for $96,637 at time of writing, a 1.3% gain during the last day.

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