Ethereum May Need to Drop to $1,500 Before Next Bull Cycle, Analyst Benjamin Cowen Says

Ethereum is trading near the midpoint of its weekly logarithmic regression channel and may face further downside this year before a new bull market begins, Into The Cryptoverse founder and CEO Benjamin Cowen said on Feb. 9. Cowen cited screenshot data showing a sustained bull phase would likely start only after ETH sweeps the lower bound of that channel, which he places at around $1,500.