Despite Ethereum's initial bullish momentum following Bitcoin, signals of uncertainty are emerging. Whales are increasing their movements, influential analysts like Benjamin Cowen express skepticism, and short-term dynamics remain fragile. A correction may be on the horizon before a potential upward trend begins.
Ethereum wallets holding between 10,000 and 100,000 ETH have added nearly 820 ETH units. This represents a value of approximately $3.8 billion over the last 72 hours. This group of large investors now controls a colossal total of 31 million ETH.
This aggressive accumulation comes as analysts expect a rotation of capital toward medium and small-cap altcoins in the coming weeks. Indeed, the ETH price seems to have reached a plateau and will need to convincingly break through the $4,772 threshold to invalidate short-term bearish trends.
According to popular crypto analyst Benjamin Cowen, traders should remain cautious as the true “altcoin season” has not yet begun. Cowen emphasizes that Ethereum and the broader altcoin market have underperformed Bitcoin until early November, following historical trends.
Despite ETH’s solid progress in recent weeks, Cowen expects the price to retrace and test the 21-week exponential moving average. Analysts even warn of a possible correction, even if ETH reaches $5,000. Cowen has previously made several bold predictions for Ethereum in 2025 that have proven accurate.
Although Ethereum whales are massively strengthening their positions, analysts like Benjamin Cowen remain cautious about the medium term. However, Ethereum’s long-term potential still seems intact, especially as its price closely follows Bitcoin’s evolution. Savvy investors will closely monitor upcoming market movements to seize opportunities.
Ethereum’s volatility may be frightening, but it also represents an opportunity for strategic investors. Even if a correction is expected, ETH’s fundamentals remain solid in the long term, supported by its central role in DeFi and smart contracts. If you believe now is the right time to buy this cryptocurrency, you can easily do so via Zoomex. Currently, every new registration comes with a bonus !
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