Benjamin Cowen sees Ethereum showing strong momentum right now and believes it could reach its old all time highs - or even slightly surpass them - in the next couple of weeks.
Short Term View
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ETH strength likely continues through late August
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Potential run to or above all time highs before a pause
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September could bring a pullback for both ETH and Bitcoin
Historical Pattern
Cowen notes that in past post-halving years (2013, 2017, 2021), July and August were strong months, but September turned negative. This makes him expect a similar move this year.
Why It Matters
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A September drop could be healthy, giving ETH time to regroup
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Could set the stage for one final push to the market cycle top afterward
Altcoin Context
It is currently “Ethereum season” - ETH is outperforming most altcoins. Many alts have dropped over 50% against ETH since April. Cowen does not expect a lasting altcoin rally yet and sees the next big rotation possibly going back to Bitcoin later in the year.
