Sun Apr 06 19:00:00 UTC 2025: ## Ethereum Could Plunge to $1,044 if Stock Market Weakness Persists, Analyst Warns
**New York, NY** – Cryptocurrency analyst Benjamin Cowen has issued a warning to his 889,000 YouTube subscribers, predicting a potential sharp decline in Ethereum (ETH) price if the weakening stock market continues its downward trend into April.
Cowen points to the possibility of continued weakness in the S&P 500, citing upcoming tariff uncertainties and significant macroeconomic data releases in early to mid-April. He believes this market uncertainty could trigger a further decline in ETH, potentially pushing it down to its logarithmic trendline, as low as $1,044.
This prediction is based on historical correlations between the stock market and cryptocurrency performance, and Cowen suggests that the market may be pricing in a future recession, resulting in a significant drop before a subsequent recovery. He observes a “triple top” on the ETH/USD weekly chart, further supporting his bearish outlook.
Despite this pessimistic forecast, Cowen anticipates ETH eventually reclaiming the $3,000 level as support. At the time of writing, ETH is trading at $1,909, up 4.7% in the last 24 hours. His warning serves as a cautionary note for investors, urging them to consider the potential impact of broader macroeconomic factors on the cryptocurrency market.
First Piper 