Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Crypto Analyst Issues Ethereum Warning, Predicts Deep ETH Correction As Soon as This Month – Here’s His Outlook

Crypto Analyst Issues Ethereum Warning, Predicts Deep ETH Correction As Soon as This Month – Here’s His Outlook

Daily HodlDaily Hodl2025/09/07 16:00
By:by Daily Hodl Staff

A closely followed crypto analyst is issuing a warning to investors about Ethereum ( ETH ), saying that a deep correction could hit the top altcoin as soon as this month.

In a new video update, crypto trader Benjamin Cowen tells his 928,000 YouTube subscribers that the second-largest digital asset by market cap could dip in the coming weeks and even move below the $4,000 price level.

However, the trader notes he believes that the correction will set the stage for a strong ETH recovery.

“I talk about Ethereum potentially getting that 30% drop, not from the current levels, but from the local high, a lot of people get upset. But from the current levels, it would be about another 20% drop that I think will happen.

Now, I want to be clear. My expectation right now is that Ethereum will go back up, but not before it tags that 21-week EMA (exponential moving average). I’m thinking by late September or early October.”

Crypto Analyst Issues Ethereum Warning, Predicts Deep ETH Correction As Soon as This Month – Here’s His Outlook image 0 Source: Benjamin Cowen/YouTube

According to Cowen, Ethereum should drop to somewhere between the $3,400 and $3,600 range during his specified timeframe before shooting back up to a new all-time high.

The analyst goes on to note that investors should focus on a handful of trade ideas rather than try to make plays on many.

“A lot of people ask me why I keep focusing on Ethereum, like why am I not talking about all these altcoins that are doing well? And the reason is because in order to be a successful investor, you don’t need to track like a thousand different altcoins.

You just need a good trade idea here or there… You can make a lot of money on a single idea rather than looking at a lot of different altcoins.”

Ethereum is trading for $4,289 at time of writing, a fractional increase during the last 24 hours.

Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — BARD/USDT!

Bitget Announcement2025/09/19 07:28

BTC/ETH VIP Earn Ultimate Carnival is officially here!

Bitget Announcement2025/09/18 07:12

New spot margin trading pair — FLOCK/USDT!

Bitget Announcement2025/09/18 06:55

0GUSDT now launched for pre-market futures trading

Bitget Announcement2025/09/18 05:39