Cryptocurrency analyst Benjamin Cowen has raised concerns about the potential depreciation of Ethereum (ETH) in the near future. With a following of 801,000 subscribers on YouTube, Cowen explains that Ethereum has recently dropped below the bull market support band (BMSB). The BMSB is a tool that utilizes a 20-week simple moving average and a 21-week exponential moving average to determine whether an asset’s price is in a bullish or bearish state. Cowen points out that Ethereum last fell below its bull market support band approximately 30 weeks ago, specifically the 20-week simple moving average. This recent drop below the BMSB is significant, as it has only occurred twice before in similar instances, resulting in a substantial 50% decrease in Ethereum’s price. Cowen predicts that if history repeats itself, Ethereum could fall to around $1,400 from its current price of $2,902. Although Cowen anticipates the Ethereum/Bitcoin (ETH/BTC) pair to reach its bottom in the coming weeks, he believes it may take longer for the Ethereum/US dollar (ETH/USD) pair to stabilize. Cowen’s analysis serves as a warning to investors to exercise caution and conduct thorough research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets.