Ethereum has finally broken through the $4,000 mark. Benjamin Cowen explains why this was expected - and what might happen next.
📈 Why ETH Broke $4K This Time
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ETH "bottomed" against Bitcoin, just like it did in 2016 and 2019 before big rallies.
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This happened after ETHUSD went through a correction Cowen calls "going home" - a reset that allowed momentum to rebuild.
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Altcoins have been bleeding value into Ethereum, fueling its strength.
🔮 What’s Likely Ahead
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ETH could push toward its old all-time high near $4,867 in the next 1-2 weeks.
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Cowen expects a September pullback, possibly back to around $4K, before another push higher.
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This cooling-off period could help set up a higher market cycle top later.
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After late August, money may rotate back into Bitcoin for a while.
💡 Key Takeaways
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Right now, it’s Ethereum season - ETH is outperforming both Bitcoin and altcoins.
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Alts may rise in USD short-term but are losing ground to ETH.
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Don’t expect a big altcoin season until after ETH’s current run cools.
For now, Cowen’s advice is simple: ride the ETH wave, expect a dip in September, then watch for the next leg up.
