Analyst Benjamin CowenBitcoin of Altcoins in August $120,676.68He believes they can continue to perform relatively better against. But Ethereum $4,676.06 underlined that the table is not the same power. ETH/USD stressed that the distinct break in the daily chart of $ 4,700 directs the acceleration in the market. Analyst’s assessment of certain subcoins in the rest of the month can come to the fore, the focus Ethereumthat it is approaching the summit of all time.
Symptoms of fatigue in Ethereum
According to Cowen, although Altcoins will be stronger than Bitcoin during August, you may not have the same performance against Ethereum. Analyst this view Eth‘s high volume of $ 4,700 to move to the critical moving averages significantly on the associated with the placement. This puts Ethereum at the center of the short -term superiority.

On the other hand, momentum indicators offer a different picture. On Ethereum’s price graph Relative power index (RSI) In the overcrease area and this appearance indicates the risk of fatigue. Bitcoin On the side, the building is more restrained. Although a strong break on the $ 121,000 zone has not yet been confirmed, the RSI is only in limited excessive intake.
September expectation for Bitcoin and Altcoins
In September, Cowen warned investors by drawing attention to the possibility of a significant correction in Bitcoin. In such a scenario, Ethereum’s sagging under the summit attempt can trigger the hard sales wave in Altcoins. Historical seasonality also supports this expectation because September is often a weak period in which deeper retreats compete with wavy response rises.
Timing on the road map is critical. Altcoin Investors may have a few weeks of advantage against Bitcoin in August. However, if a hard Bitcoin correction occurs in September, the stress will push the subcoins down until the end of October, and even previous horizontal bands will take them to the bottom.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.