Crypto analyst Benjamin Cowen is laying out what he thinks could be the worst-case scenario for Ethereum (ETH) in terms of price action.
In a new strategy session, Cowen says that a potential dip down to the range between $400 and $800 is the worst thing we could see for ETH, but that it would also present the opportunity of a lifetime for bulls.
“Some people have asked me what is my worst-case scenario on Ethereum. For me, I would look at the logarithmic regression band and say that’s probably the worst-case scenario for Ether. If it were to just simply get rejected off of the bull market support band like it did in March… I would be looking at this as a potential accumulating phase of a lifetime.”
On the other hand, Cowen also posits that the stars could align for Ethereum. According to the crypto strategist, ETH may take a different route if its highly anticipated update pushes through while the Federal Reserve loosens its monetary policy.
“If Ethereum gets rejected here and goes...
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