Huge Correction Ahead for Ethereum (ETH) as Fed Stays Hawkish | Crypto

Huge Correction Ahead for Ethereum (ETH) as Fed Stays Hawkish

-Popular crypto analyst Benjamin Cowen says that Ethereum (ETH) is likely facing a dramatic correction in the coming months as the Federal Reserve continues to hint at tighter monetary policy.

-Cowen tells his 693,000 Twitter followers that he sees Ethereum working its way towards the logarithmic regression band.

-According to Cowens chart, hes expecting ETH to continue its downtrend until it consolidates near the $600-$800 price level over the next year or so.

-Cowen also says that crypto investors are refusing to accept the reality of the Federal Reserves impact on markets. According to the analyst, Fed Chair Jerome Powell has been very clear that interest rate hikes and tighter central bank liquidity are coming.

-As for Bitcoin (BTC), Cowen says in a recent strategy session that hes open to the scenario of Bitcoin going as low as its 400-week simple moving average (SMA), which currently sits at about $13,000.

dalio ethereum debasement Huge Correction Ahead for Ethereum (ETH) as Fed Stays Hawkish

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