Most will underestimate the Ethereum tsunami! Most will put a cap on it in the short-term. And most will be wrong. Ethereum has now blown past $4,000 and has even moved above $4100 at the time of this video. How high can the Ethereum tsunami take us? In this video we look at some key upcoming milestones to take not of and to not get swept away by forgetting about the bigger picture.
Crypto quant analyst and influencer Benjamin Cowen says most traders will miss out on Ethereum’s “tsunami” price action.
In a new strategy session, Cowen tells his 373,000 YouTube subscribers that Ethereum will continue to build strength despite most traders predicting that ETH will have a major market correction.
“Remember, most will underestimate how far Ethereum can go. Most will underestimate it. Most people will be wrong, and we’re already looking at a $4,100 Ether.”
The analyst says that a big correction that may send the second-largest crypto asset by market cap below $1,000 is likely not in the cards anymore.
“We know Ethereum is on one hell of a run… We’ll have a correction at some point, but, hey, remember: people have been calling a major correction forever, and so the problem is that the people were calling for corrections [around $1,000], I mean the chances that Ethereum goes back down to $900 in the short term is very unlikely and it may never happen again…
This is what ultimately fuels the Ethereum tsunami is people that keep thinking a major correction’s going to happen. It just keeps going up and so these people ultimately feel trapped, especially if they sold their Ethereum for an altcoin that was pumping and then that altcoin stopped pumping and then Ethereum started pumping. That’s why you wait for the pump to come to you. Wait for the tsunami to come.”
Based on his models, Cowen projects Ethereum rising up to anywhere between $4,320 and $5,800 in the short-term. However, he also sees Ethereum hitting $10,000 in the long term.
This episode premiered on May 10, 2021.