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CoinGape

ETH price could fall to $1,200 by December 2024, according to analyst Benjamin Cowen

CoinGape
Summary
Nutrition label

63% Informative

Analyst Benjamin Cowen predicts a significant downturn to approximately $1,200 by December 2024 .

Cowen believes the current market conditions and similar price patterns could result in a downturn that might push ETH price to as low as $1.200 by the end of 2024 .

In 2019 , ETH price initially saw incremental lows forming a wedge that eventually broke downwards.

The wedge led to a steep drop after a Federal Reserve rate cut.

VR Score

50

Informative language

44

Neutral language

52

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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