Crypto Market Enters Step 2 Of Benjamin Cowen’s Guide For 2025, What’s Next On The List?
According to the recent analysis of ITC Crypto’s CEO and founder Benjamin Cowen, the cryptocurrency market has entered the “Step 2” of the 2025 guide. Analysts have confirmed Ethereum (ETH) In his price statement, the second largest cryptocurrency will further decline, which is consistent with his early forecast.
Step 2: The encryption market is sold with ETH home with ETH
As investors’ reactions to the price action and tightening liquidity status, Ethereum is currently undergoing a wide range of market selling. Can’t meet the expectations of investors, prices Ethereum has been working hard to maintain a strong motivation In this bull market.
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Cowen’s chart analysis suggestion The current decline is consistent with the wider market cycle, and the dominance of Bitcoin has risen to more than 60 %, resulting in Capital flow comes from mountain -end coins such as EthereumEssence Analysts announced that the cryptocurrency market is currently in the second stage of his 2025 market trajectory guide.
In the previous X postal On January 29, Cowen outlined the structured six -step line diagram of its 2025 market cycle theory. The first step highlights the display The dominant position of Bitcoin More than 60 %. This happens when investors leave Altcoins and enter Bitcoin, so as to seek stability in the fluctuations and uncertainty of the encryption market. During this period, Ethereum and most of the cottage coins are not well performed well Due to the lack of interests and needs of investors.
Now, in the step 2 of the Cowen 2025 Guide The encryption market has entered a more formal stageEthereum drops sharply. Cowen claims that ETH will eventually “go home”, which means that cryptocurrencies will be severely reduced to long -term key support levels. In the second stage, a wider market is also Experienced As investors continue to decline in volatility and cryptocurrencies.
Although this bull market rose to $ 3,000 earlier, Ethereum has not maintained a positive momentum. Recorded sharp decline Because its price strives to find stable support. According to COINMARKETCAP data, ETH’s current transaction price is $ 2,594, which reflects 16.4 % of the price of the past 24 hours.
In the past few weeks, Ethereum does not perform wellIn terms of other cryptocurrencies, it has dropped sharply to a new low. The price of Altcoin fell to a new low, down more than 27.6 % in one month. This downturn has also significantly affected its market value, which has dropped to $ 312.6 billion.
Cowen’s 2025 Market Guide: What is the next step?
In step 3 of his 2025 market cycle theory, Cowen predicts Federal Reserve (Federal Reserve) It will change its policy and end quantitative tightening, which has flowed from the financial market. This decision is critical, because the loose currency conditions will pave the road for analysts’ fourth steps, which is a bullish stage promoted by the market rally.
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In the fifth step, Cohen forecast Macroeconomic conditions It will deteriorate later this year. This may include factors such as inflation, interest rates, geopolitical stability. The last step of his 2025 market cycle guide predicted a comprehensive recession. Cowen predicts that this economic recession will lead to Bear marketConsistent with the cycle of the year -old election year, the market often faces deeper corrections.
Charts from unsplash characteristic images, tradingView.com
