Before BTC Halving, Where Will ETH Price Go? Here's the Answer!

<p>&nbsp;"Huh seriously the price of ETH will make this kind of movement?"</p><p><br /></p><p>Ahead of the Bitcoin (BTC) halving event in the second quarter of 2024, investors should scrutinize Ethereum (ETH) price movements as the momentum of the second largest cryptocurrency could have a major impact on the entire digital asset market.</p><p><br /></p><p>Earlier in May 2020, ETH which failed to gain momentum before the BTC halving event saw a fall from its highs but started to bounce back slightly just as the halving took place.</p><p><br /></p><p>That streak, analyst Benjamin Cowen believes that the price of ETH will not only experience a decline but also be unprofitable before the BTC halving event.</p><p><br /></p><p><br /></p><p>While the entire crypto market may see a slight uptick during the BTC halving event, Cowen also predicts that the price of the digital asset will face a decline before the event takes place.</p><p><br /></p><p>Shortly after expecting ETH to slip to $1,400 by the end of October 2023, the analyst said the price could close 2023 below $1,195 or even more.</p><p><br /></p><p>So here it can be seen that the crypto market will remain fluctuating in the same zone until the halving of BTC follows since the last quarter of 2021, the price of ETH is found to make a continuous horizontal movement.</p><p><br /></p><p>As of this writing, ETH price has plunged by 1.21% to $1,611 in the last 24 hours with a market cap of $193 billion and has recorded a 1.48% decline over the past week.</p>