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Benzinga
Benzinga
Business
Khyathi Dalal

Ethereum Is Stuck Below $4,500 Until This Key Indicator Catches Up, Analyst Says

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Ethereum (CRYPTO: ETH) is rangebound around $4,500, but a decisive move may be on the cards within the next two months.

What Happened: In his latest podcast update, crypto analyst Benjamin Cowen highlighted that ETH's behavior mirrors the 2016–2017 cycle, when Ethereum lagged Bitcoin during its October surge, trading in a range while waiting for its 20-week SMA and 21-week EMA ("bull market support band") to catch up.

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