Crypto analyst Benjamin Cowen predicts that Ethereum (ETH) could reach its price bottom in December 2024. He bases this prediction on the historical trend of the US unemployment rate peaking in December, which has coincided with a bottom in crypto markets. Cowen also notes that ETH has previously hit its logarithmic trend line in December 2016 and 2019. His bottom price target for Ethereum is $1,200, a nearly 50% decline from its current price of $2,306. However, he warns investors to do their due diligence before making any high-risk investments in cryptocurrencies.
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