Ethereum Historical Data Signals 50% ETH Price Correction From Here

Quick Summary:

Ethereum has already faced strong selling pressure slipping nearly 10% on the weekly chart with the ETH price dropping to $2,366 levels currently.

Some market analysts believe that the ETH market rout has just begun with the possibility of another 50% drop as per the log regression model.

In one of his posts back in August, Cowen issued a warning: “I think it will get a big drop before EOY to ~$1200 and then bounce into 2025”.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: Ethereum (ETH) ETHBTC Spot Ethereum ETF Altcoin News ETHUSD 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-04 @ 05:22:03 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 415 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 13 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 22876081

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