Ethereum's price potential is constrained as Bitcoin shows signs of weakness, according to crypto analyst Benjamin Cowen. Cowen cautions that Ethereum may face difficulty surpassing $4,878 without a robust Bitcoin market. He warns that any rally in this range could be a bull trap, potentially leading to a decline towards $2,000. Cowen highlights the strong correlation between Ethereum's price movements and Bitcoin's market dynamics.
Ethereum's Upside Limited Amid Bitcoin Weakness, Analyst Warns
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
