“One of the last drop”-Benjamin Queen predicts a new ethereum at all after an imminent correction

Benjamin Queen, the encryption analyst, says the last correction can lead to the operation of ETHEREUM (ETH) to all levels of all in the near future.

In a new strategic session, Cowen indicates a relationship between the Bank of Japan, raising interest and surrendering prices in the following month, and may interact with macro signals coming from BOJ.

Quinn notes that after nearly eight years of maintaining interest rates, BOJ raised it in March and July of 2024 and then again this month. Since the first interest increase preceded the volatile Ethereum corrections in April and August, COWEN suggests that BOJ’s height may mean that ETH is in another short -term decline.

However, Queen He says He believes that if such a correction occurs, it is possible that the last decrease before the ETH extends to the highest level ever.

“So what you had was the rates of BOJ’s lifting in March and July, and now January. You have WICKS surrender from ETH in April and August … I just say, if there should be an event to make it to QE (quantitative dilution), it seems that this appears to be It is the case. He was fine and nothing happened, and then before we knew that, the entire encryption market was declining. The thing is January, they raised prices yesterday, and I wonder …

Now if there is a decrease in the market, the ETH is less than the bull market support, I think it will enter its final decrease before a new rise at all. This is what I think. I did not give up ETH, I think it will go to new levels at all, but there is always an opportunity to provide another decline. “

At the time of this report, ETH is traded at $ 3,167.

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