Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Pro -Cryptto -legislator misses the Bitcoin’s deadline -publicly making -Washington is turning a blind eye?

2025-06-03

Incentiv Testnet is going live to expand blockchain accessibility

2025-06-03

MINTABLE reveals Green NFT -card game on Singapore Climate Festival

2025-06-03
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Incentiv Testnet is going live to expand blockchain accessibility

    2025-06-03

    AI and Blockchain Dal Costs and downtime in transport

    2025-06-03

    World Network is expanding the worldwide ‘proof of human’ technology as AI Deepfakes Surge

    2025-06-03

    Clearpool’s Ozean integrates Chainsight for secure RWA Oracle infrastructure

    2025-06-03

    BNB Chain launches AI Bot to help developers and block scammers

    2025-06-03
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Donald Trump Jr. says that family came in crypto after he was degraded, realizing the financial system was ‘Pyramid Scheme’

    2025-06-03

    Dubai Crypto ambitions rise with Solana and Ripple Moves

    2025-06-03

    ‘Revenge Tax’ hidden in President Trump’s account could activate the Capital War, Deutsche Bank warns: Report

    2025-06-02

    Goldman Sachs Banker sentenced a prison for a role in $ 4,500,000 Ransack or Malaysia’s State Investment Fund: Report

    2025-06-02

    Nobel Prize Economist says: ‘Stablecoins do not serve clearly useful function’; Co-founder of Coinmetrics does not agree

    2025-06-01
  • Analysis

    Crypto analyst says that XRP community should pay attention to 4-6 June, here is why

    2025-06-03

    American Bitcoin ETFs Navigate $ 1.2 billion in the midst of the European approval of the retail trade

    2025-06-03

    A matter of time before Altcoins take a big dip against Bitcoin, according to analyst Benjamin Cowen

    2025-06-03

    Ethereum performs better than with $ 321 million inflow as Bitcoin, XRP sees a combined outflow of more than $ 36 million

    2025-06-03

    Pi on games to strengthen the ecosystem in the midst of price struggle

    2025-06-03
  • Learn

    What Is Yield Farming and How Does It Work?

    2025-06-02

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Altcoin Crash Alert! Ethereum (ETH) Price Heading for 50% Drop
Altcoins

Altcoin Crash Alert! Ethereum (ETH) Price Heading for 50% Drop

2023-08-06No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Although Ethereum has been in a bear market for the past 30 days, there is a chance that it will hit its low point soon. A well-known crypto analyst has expressed concern over the performance of Ethereum (ETH) compared to that of Bitcoin (BTC), speculating that a major event could trigger a major drop.

What’s behind this bearish outlook and what should altcoin investors do now? Let’s dive in.

Expect a 50% drop if this happens. says Cowen

While most altcoins are expected to fall by 40-50% against Bitcoin, ETH is no exception. During an exclusive interview with Crypto Banter’s Ran Neuner, Benjamin Cowen raised the possibility of a more than 50% drop in the ETH/BTC pair from its current value of 0.063 BTC (approximately $1,828). But why is this dark projection made?

This perspective came as he believes a bearish double top pattern is forming on the monthly chart for the ETH/BTC pair. It should be noted that this pattern indicates that Ethereum holders may be taking advantage of rallies to exchange their ETH holdings for BTC.

For him, this isn’t just a trend, Cowen said, it looks like the current phase in the ETH/BTC market is really a big distribution period, similar to the one we saw in the previous cycle, where there was an initial pump . , followed by a sell-off and then a distribution phase. We believe that the ETH/BTC pair is at a critical juncture where a breakout to the negative is likely.

Historical patterns are also bleak, what is the catalyst?

He correlated his point of view with historical patterns. His analysis suggests historical trends, with the ETH/BTC pair typically experiencing declines during the months of June through December. Although there will be a potential drop to as little as 0.03 BTC (equivalent to $871), reflecting a drop of more than 52% from its current value.

His forecast also included the further possibility of a stock market retracement as a catalyst for this significant decline. Cowen recalled a similar scenario in late 2017, in which the Ether/Bitcoin pair experienced a decline.

However, it was a subsequent decline in 2018 that marked the end of a period of reckoning for several altcoins. However, based on this data, Cowen predicted that a similar trend could reoccur, this time possibly led by a seasonal decline in the S&P 500.

That said, those who have put a lot of money into altcoins will run into a real and pressing problem if the predicted 40-50% loss occurs before a recovery.

In conclusion, Cowen’s analysis highlights the potential for a substantial decline in Ethereum’s value compared to Bitcoin, with a specific focus on the ETH/BTC pair. However, it is important to note that the cryptocurrency market is highly volatile and subject to various factors that can affect price movements.



Source link

See also  XRP Price Is Gearing Up For Major Pressure, Which Side Will Gain The Prevail?
alert Altcoin Crash Drop ETH Ethereum Heading Price
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Is Bitcoin of $ 250K possible this year? This research director thinks so

2025-06-03

Maker pump 8% while MKR -Walvissen jump to heaven – details

2025-06-03

Dogecoin (doge) refuses while Ruvi Ai (Ruvi) wins momentum, analysts say it could lead the next Bull Run

2025-06-03

Solana is confronted with 2.8 m Sol dump, but this could cause a point up to $ 160 – how?

2025-06-03
Add A Comment
Leave A Reply Cancel Reply

Top Posts

CNBC Host Joe Kernen Defends Bitcoin After Gensler Claims It’s ‘Not That Decentralized’

2024-02-14

Trader Says One Blue-Chip Memecoin Will Deliver ‘Big Numbers’ This Year, Updates Outlook for Bitcoin and Ethereum

2024-07-13

Community research in collaboration with AI

2023-09-09
Editors Picks

Analyst Predicts XRP Price to Surge 800% to $5.5, and Time Frame Will Shock You

2023-12-16

Can Binance Coin then hit $ 750?

2025-02-13

Bitcoin is struggling while Trump’s rates push the market to ‘extreme fear’

2025-04-04

BonklerNFT soars with a 120.3% increase to hit an all-time high of 32.8 ETH

2023-05-20

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Pro -Cryptto -legislator misses the Bitcoin’s deadline -publicly making -Washington is turning a blind eye?

Incentiv Testnet is going live to expand blockchain accessibility

MINTABLE reveals Green NFT -card game on Singapore Climate Festival

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,847.720.05%
  • ethereumEthereum(ETH)$2,600.860.75%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.262.69%
  • binancecoinBNB(BNB)$661.14-0.62%
  • solanaSolana(SOL)$155.67-0.61%
  • usd-coinUSDC(USDC)$1.00-0.04%
  • dogecoinDogecoin(DOGE)$0.193536-1.24%
  • tronTRON(TRX)$0.2706990.76%
  • cardanoCardano(ADA)$0.68-1.13%
  • hyperliquidHyperliquid(HYPE)$36.681.19%
  • suiSui(SUI)$3.25-3.45%
  • chainlinkChainlink(LINK)$14.150.74%
  • avalanche-2Avalanche(AVAX)$21.20-0.28%
  • stellarStellar(XLM)$0.2738330.80%
  • unus-sed-leoUNUS SED LEO(LEO)$8.884.74%
  • bitcoin-cashBitcoin Cash(BCH)$403.73-0.11%
  • the-open-networkToncoin(TON)$3.19-1.09%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.36%
  • hedera-hashgraphHedera(HBAR)$0.1725090.05%
  • litecoinLitecoin(LTC)$89.57-0.15%
  • polkadotPolkadot(DOT)$4.14-0.68%
  • moneroMonero(XMR)$346.14-2.91%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • bitget-tokenBitget Token(BGB)$4.801.31%
  • daiDai(DAI)$1.00-0.02%
  • pepePepe(PEPE)$0.000012-0.36%
  • piPi(PI)$0.650.01%
  • uniswapUniswap(UNI)$6.653.64%
  • aaveAave(AAVE)$264.923.33%
  • bittensorBittensor(TAO)$387.95-4.10%
  • aptosAptos(APT)$4.951.10%
  • nearNEAR Protocol(NEAR)$2.510.34%
  • crypto-com-chainCronos(CRO)$0.102543-0.46%
  • okbOKB(OKB)$50.090.23%
  • internet-computerInternet Computer(ICP)$5.283.37%
  • ondo-financeOndo(ONDO)$0.85-0.43%
  • ethereum-classicEthereum Classic(ETC)$17.580.49%
  • gatechain-tokenGateToken(GT)$19.290.31%
  • kaspaKaspa(KAS)$0.088539-1.35%
  • mantleMantle(MNT)$0.68-0.60%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.22-1.21%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.214906-1.94%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • vechainVeChain(VET)$0.024667-0.68%
  • render-tokenRender(RENDER)$3.92-1.94%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.825.94%
  • ethenaEthena(ENA)$0.3350452.18%
  • worldcoin-wldWorldcoin(WLD)$1.200.72%
  • filecoinFilecoin(FIL)$2.63-0.49%
  • bitcoinBitcoin(BTC)$105,847.720.05%
  • ethereumEthereum(ETH)$2,600.860.75%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.262.69%
  • binancecoinBNB(BNB)$661.14-0.62%
  • solanaSolana(SOL)$155.67-0.61%
  • usd-coinUSDC(USDC)$1.00-0.04%
  • dogecoinDogecoin(DOGE)$0.193536-1.24%
  • tronTRON(TRX)$0.2706990.76%
  • cardanoCardano(ADA)$0.68-1.13%
  • hyperliquidHyperliquid(HYPE)$36.681.19%
  • suiSui(SUI)$3.25-3.45%
  • chainlinkChainlink(LINK)$14.150.74%
  • avalanche-2Avalanche(AVAX)$21.20-0.28%
  • stellarStellar(XLM)$0.2738330.80%
  • unus-sed-leoUNUS SED LEO(LEO)$8.884.74%
  • bitcoin-cashBitcoin Cash(BCH)$403.73-0.11%
  • the-open-networkToncoin(TON)$3.19-1.09%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.36%
  • hedera-hashgraphHedera(HBAR)$0.1725090.05%
  • litecoinLitecoin(LTC)$89.57-0.15%
  • polkadotPolkadot(DOT)$4.14-0.68%
  • moneroMonero(XMR)$346.14-2.91%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • bitget-tokenBitget Token(BGB)$4.801.31%
  • daiDai(DAI)$1.00-0.02%
  • pepePepe(PEPE)$0.000012-0.36%
  • piPi(PI)$0.650.01%
  • uniswapUniswap(UNI)$6.653.64%
  • aaveAave(AAVE)$264.923.33%
  • bittensorBittensor(TAO)$387.95-4.10%
  • aptosAptos(APT)$4.951.10%
  • nearNEAR Protocol(NEAR)$2.510.34%
  • crypto-com-chainCronos(CRO)$0.102543-0.46%
  • okbOKB(OKB)$50.090.23%
  • internet-computerInternet Computer(ICP)$5.283.37%
  • ondo-financeOndo(ONDO)$0.85-0.43%
  • ethereum-classicEthereum Classic(ETC)$17.580.49%
  • gatechain-tokenGateToken(GT)$19.290.31%
  • kaspaKaspa(KAS)$0.088539-1.35%
  • mantleMantle(MNT)$0.68-0.60%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.22-1.21%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.214906-1.94%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • vechainVeChain(VET)$0.024667-0.68%
  • render-tokenRender(RENDER)$3.92-1.94%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.825.94%
  • ethenaEthena(ENA)$0.3350452.18%
  • worldcoin-wldWorldcoin(WLD)$1.200.72%
  • filecoinFilecoin(FIL)$2.63-0.49%