The post ETH Drops, Whales Buy $480M as Cowen Calls New ATH appeared on BitcoinEthereumNews.com.

ETH fell 21% then rallied 10% after $480M whale buys and Cowen’s ATH call. $480M whale buying and ETH/BTC rebound signal cycle reset toward $5,300. Cowen links ETH’s $3,448 dip to a healthy reset before a new high. Benjamin Cowen, founder of Into The Cryptoverse, renewed a bold forecast for Ethereum (ETH) as the market rebounded from last week’s sell-off. He said the sharp drop to $3,448 on October 11, 2025, was a healthy retest within the bull structure that now sets up ETH for a run toward a new all-time high. On the weekly chart, Cowen noted that ETH has retested its bull rally band in the same way it did before major breakouts in previous cycles. He believes this pattern supports a move toward $5,300 once buyers confirm momentum above key resistance zones. Why is Cowen Bullish on Ethereum Price Now? Cowen compared the current market to the 2016 to 2017 cycle, which lasted 1,473 days. He pointed out that the ongoing 2024 to 2025 cycle has run 1,433 days, leaving room for more upside if the timeline repeats. He also highlighted the ETH/BTC pair’s rebound from its daily logarithmic support trend after last week’s capitulation, calling it a sign of strength and rotation back into altcoins. Related: Trump Tariffs Spark $19 Billion Crypto Liquidations in 24 Hours According to Cowen, the recent ETH capitulation was not driven by tariff uncertainty but by a broader market reset within a forming macro bull structure. He believes that this reset helped flush out excess leverage and created a new accumulation zone. Risks and BTC’s Influence According to Cowen, crypto traders should closely monitor Bitcoin’s performance in the coming weeks as it will offer a better understanding of the altcoin’s outlook. Cowen stated that his macro bull scenario will be invalidated…

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Filed under: News - @ October 13, 2025 12:28 pm