Ah, Ethereum– that capricious coin of the cryptoverse, poised once again on the edge of a fiscal abyss. Should history rhyme- and why not, in this circus?- the dazzling digital darling might tumble a tidy 20%, a graceful pirouette back to the 21-week EMA, and maybe even to a modest $3,500 before springing back like a caffeinated kangaroo, eager for new heights by year’s end.
Benjamin Cowen, herald of crypto wisdom, has decreed that after August’s all-time high bluster, ETH shall retreat into its emotional shell, whispering, “I think ETH will drop back to its 21-week EMA.” A real thrill ride. Quite the rollercoaster, and so many heads will surely turn crimson with rage, yet it’s been the whisper from the shadows since April, when ETH decided to go ‘home’-which in crypto-speak means crashing down to under $1,500, a sort of digital tantrum.
“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.
Apparently, ETH’s recent escapades in August herald a return to its beloved 21W EMA-an emotional support line in crypto-land-though purists might call it a mere ritual of chaos. His forecast: “ETH will tumble back to around $3,500 before bouncing to stardom.”
– Benjamin Cowen (@intocryptoverse) September 1, 2025
‘Slumptember’ Has Arrived-Ok, Maybe Not So Bad… Yet
In the grand tradition of Wall Street’s seasonal mischief, September’s been a bit of a scoundrel for ETH, often deserving its nickname ‘Slumptember’. Six of the past ten Septembers saw ETH take an uninvited dip, averaging a modest 6% loss-unless you count 2017’s 21.6% nosedive or the 12.5% in 2021, which, like a stubborn weed, always recovers to bloom anew. This could be a golden chance to buy the dip if you’re feeling adventurous-or just masochistic.
Meanwhile, heavy hitters-whales-continue their treasure hunts, with one B$ Bitcoin whale apparently throwing around a billion in ETH, staking it like a master chef whipping his most precious ingredient.
DeFi’s own ‘Moon Math’ guru predicts ETH’s meteoric rise, imagining a market cap that makes today’s $523 billion look like pocket change-possibly $35 trillion, because why not? Is that a moonshot or a lunar city?
“Based on its position as the most trusted and reliable world ledger for stablecoins, RWAs, DeFi native assets and TradFi’s default choice for tokenization… easy to imagine ETH commanding a market cap of $35 trillion or more by 2032/2034, whenever ETH inevitably catches up to or flips BTC market cap.”
Anthony Sassano, wise Ethereum educator, notes that in August, entities bought over 33 times more ETH than it issued-sounds like the network’s equivalent of a Black Friday sale, but with fewer screaming mobs.
ETH purchased in August by entity:
– ETH ETFs: ~860,000 ETH
– ETH treasury companies: ~1.7 million ETH
Newly net issued ETH in August: ~76,709 ETH
They bought the entire network thrice over-faster than you can say ‘DeFi’! Accelerate, my friend, accelerate!
Price’s Little Retreat-A Cry for Attention?
While the long-term outlook gleams brighter than a diamond mine, the retail herd-restless and fickle-keep selling, as if ETH were a hot potato at a party. Today’s intraday high of $4,480 slipped to a low of $4,250, a modest waltz down the mountain. It tried to rally to $4,350 as Asian traders stirred, but the pattern isn’t promising-a string of lower highs and lows suggest this may be the opening act of a lengthy downturn, with hope lingering in Q4 like a distant star.
So, if you’re a thrill-seeker or an optimist, strap in. The crash or the rebound-who can say? Either way, the show must go on.
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2025-09-02 08:13