Ether prices could tumble a further 20% from current levels if history rhymes and the correction deepens this month.
Now that Ethereum has run the prior all-time highs in August, “I think ETH will drop back to its 21-week EMA [exponential moving average],” said ICT Crypto founder Benjamin Cowen on Monday.
This could send ETH back to around $3,500 before it recovers and pushes to a new all-time high at the end of the year.
“A lot of people will get upset with this idea, but this has been the plan since ETH ‘went home’ in April,” he said, referring to the April dump below $1,500.
Now that Ethereum has run the prior All Time Highs in August, I think ETH will drop back to its 21W EMA.
A lot of people will get upset with this idea, but this has been the plan since ETH went home in April (new ATH, then pullback to 21W EMA and find support). https://t.co/WLPBK3mHJ3 pic.twitter.com/2AalzbsMdb
— Benjamin Cowen (@intocryptoverse) September 1, 2025
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