Ethereum Outlook For 2023 Is Out

It seems that a new Ethereum forecast for the whole 2023 is out. At the moment of writing this article, ETH is trading in the green, and the coin is priced at $1,871. Check out the latest predictions below.

An important crypto analyst Benjamin Cowen is updating his outlook for Ethereum (ETH) for the second half of the year as Bitcoin (BTC) enters the $30,000 level.

In a new strategy session, Cowen said that Ethereum might dip lower before seeing new all-time highs.

He also made sure to explain the fact that during the years when the crypto market is in a recovery phase, Bitcoin outperforms altcoins. He also warned about the fact that if the king crypto moves to the downside altcoins could collapse at a much quicker rate.

“The recovery years can still be brutal for the altcoin market in general. And so when we think about looking at the period that’s sort of the phase of the year where we go up, the phase of the year where we go down, we must remember that Bitcoin tends to outperform a majority of the altcoin market during the recovery year.”

He continued and stated the following:

“I don’t really consider ETH an alt, but just if you are trying to think about it in terms of how will the altcoin market, in general, perform with respect to Bitcoin, the altcoin market can still very much go down, even when Bitcoin goes down, and it can go quicker to the downside than Bitcoin.”

It’s been just revealed the fact that the founder of a Boston-based investment management firm says the US dollar is heading toward total collapse. This will turn out to be an event that will fuel a massive rise in the price of Bitcoin.

Larry Lepard, founder, and managing partner at Equity Management Associates, made sure to explain the fact that it’s now obvious that the dollar will continue its decades-long spiral of depreciation, to the benefit of hard assets like BTC.