Crypto analyst anticipates a surge in altcoin prices during August, having correctly predicted Ethereum's all-time high.
In the cryptocurrency market, August 2025 is shaping up to be a promising month for altcoins, according to analyst Benjamin Cowen. The market is experiencing momentum, with Bitcoin's structure showing signs of measured growth and the Relative Strength Index (RSI) only slightly overbought.
Cowen's prediction is backed by Bitcoin's market dominance slipping below 60%, a level not seen in six months. This slip indicates a potential shift in investor focus towards altcoins. However, it's important to note that Ethereum's performance is not as consistent when compared to Bitcoin.
Ethereum, on the other hand, has shown strength, breaking above $4,700 in August. This shift in market dynamics is significant, but Cowen warns about overbought RSI conditions that could limit short-term altcoin outperformance against Ethereum.
Looking ahead to September 2025, Cowen predicts a significant correction affecting Bitcoin, Ethereum, and altcoins. This anticipated pullback could drive Ethereum below its all-time high (ATH) again and cause a larger sell-off in altcoins lasting into late October.
The potential market stress could return altcoins to their range lows prior to the next long run up. It's worth noting that Bitcoin markets often experience weakness in September after summer rallies.
Regarding the Ethereum-to-Bitcoin (ETH/BTC) ratio, Cowen highlights relative strength for Ethereum but expects the ETH/BTC ratio to peak locally by late August or early September before retracing to a higher low and then potentially rising again in Q4 2025. This cyclical pattern suggests a seasonal altcoin rally shifting back toward Bitcoin dominance in September, with a rebound extending into November–December.
Here's a summary of Cowen’s predictions for August and September 2025:
| Period | Prediction | |-------------|----------------------------------------------------------------| | August | Altcoins outperform Bitcoin; Ethereum near peak levels; ETH/BTC rises to local top near 0.04 | | September | Significant BTC correction; ETH likely drops below ATH; altcoin sell-off; ETH/BTC retraces lower but holds higher lows | | October+ | Potential rebound in altcoins and ETH/BTC ratio, similar to past cycles |
Cowen's views are based on market dominance trends, technical indicators (like RSI and regression bands), and historical cyclicality of Bitcoin price action after halvings.
While August may still offer opportunities for selective altcoin plays, especially those that capitalize on the strength of the BTC pair, it's crucial to practice risk management to survive the upcoming months in the cryptocurrency market. Volatility is expected to stay high as Ethereum approaches its all-time high and Bitcoin tests the strength of its breakout.
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