Analyst Benjamin Cowen predicts further downturn for altcoins

Analyst Benjamin Cowen warns of potential further downturns for altcoins, drawing parallels to 2019 trends, The Daily Hodl reported. Speaking to his YouTube audience, Cowen pointed to the TOTAL3 chart, which excludes Bitcoin, Ethereum and stablecoins, currently at $520 billion, possibly dropping to between $440 and $450 billion. He also highlighted a bearish pattern in Ethereum that could see its value approach $1,980, mirroring past market behaviors.