Benjamin Cowen: "Air is on the threshold of an extreme fall" – Bits Media

A cryptocurrency analyst on the YouTube channel Ethereum Outlook said, that the second in capitalization of cryptocurrency is on the threshold of "extreme swing", suggesting the drop in value to $400.

Benjamin Cowen (Benjamin Cowen) announced a possible reduction in profitability Blockchain platforms, Ethereum smart contracts built on technologies before the end of the year. The movement of the ether to a decrease in market value is natural, Since in 2023 year as ETH-BOVIKS, So the bears "crashed and could not realize their strategies".

"Market fluctuations in the value of the ether, when the price of the asset moves in a narrow range, They will lead to that, what is according to the results 2023 years bulls, Like bears, will record losses. Although both sides have believed during the year, that their strategies are justified. In fact, the correctness was limited to a short -term period of insignificant growth or fall. ", - said the expert.

The cryptoanalyst awaits, that until the end of 2023 will show more and lower maximums and even lower minimums, within $800 to $400. In the afternoon 11 On September, ether is traded in the descending trend for the price $1590. Per day, the cost of the asset fell by 2%. At a weekly timeframe, the fall of ETT was about 2,5%.

Earlier, senior macroeconomic strategist Bloomberg Intelligence Mike McGlone (Mike McGlone) warned
Cryptoinestors, that the correction of bitcoin occurred for a reason, and for the digital asset industry, the near future will be difficult.