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Home Ethereum News

Top Analyst Predicts Ethereum Price Before Bitcoin Halving

Hania by Hania
September 12, 2023
in Ethereum News, Bitcoin News
Reading Time: 1 min read
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Top Analyst Predicts Ethereum Price Before Bitcoin Halving
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Ethereum price ($ETH) prediction in the run-up to Bitcoin’s halving in the second quarter of 2024.

In the lead-up to the Bitcoin Halving countdown in the second quarter of 2024, it is going to be interesting to look at the Ethereum price forecast, as the momentum carried by the second-largest crypto could have an impact on the rest of the cryptocurrency market.

Bitcoin Halving: Not So Great For ETH?

Before the Bitcoin Halving in May 2020, the ETH price barely moved, but it reached a higher high around the Halving. Thus, expert Benjamin Cowen predicts a poor second half of the pre-Halving year for Ethereum. Cowen expected a downtrend before the event, but the cryptocurrency may rise during it.

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ETH may close 2023 below $1,195, according to the expert. According to analyst predictions, ETH may drop below $1,400 by October 2023. Will the cryptocurrency stay at the same level till Bitcoin halves? Ethereum has maintained just under 20% of the crypto market capitalisation since the fourth quarter of 2021, despite its significant volatility.

Also Read: Bitcoin Price On November 28th: Why This Date Matters More Than You Think

Tags: CryptocurrenciesETH PRICEEthereum
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Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

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