Ethereum Set To Move Up Against Bitcoin, According to Analyst Benjamin Cowen – Here’s His Outlook

A carefully watched crypto analyst says Ethereum (ETH) seems poised to rise towards Bitcoin (BTC) as we enter the brand new 12 months.

In a brand new video replace, crypto strategist Benjamin Cowen tells In accordance with its 848,000 YouTube subscribers, based mostly on historic tendencies, Ethereum ought to quickly backside out towards the main cryptocurrency by market cap.

In accordance with Cowen, ETH/BTC will rise someday in early 2025 no matter how the crypto king does towards the US greenback.

“Take into consideration this: Traditionally, ETH/BTC bottoms out in December or January.

It is already December [22nd]. My guess? ETH stays weak towards Bitcoin, doubtless for the remainder of the 12 months.

That does not imply you may’t have a inexperienced week, however it should doubtless stay weak for the remainder of the 12 months, maybe early January, after which I’d anticipate ETH/BTC to start out rising in 2025 whatever the outlook. in the direction of BTC/USD.”

Cowen additional notes that, additionally based mostly on earlier market cycles, 2025 ought to be an excellent 12 months for ETH/BTC by way of quarterly returns.

“2022 Q1 and Q2 have been pink, you then had Q3 and This fall [that] have been inexperienced. The one different quarter the place ETH/BTC was inexperienced previously three years, except for the second half of 2022, was the second quarter of 2024…

However what do you discover about 2021? ETH/BTC was inexperienced. What do you discover about 2017? ETH/BTC was at the least inexperienced within the first half, it was pink within the second half, but it surely was additionally inexperienced in 2018.

So I might say as quarterly returns play out, you may most likely see extra inexperienced for ETH/BTC in 2025 and perhaps even early 2026.”

ETH/BTC sure valued at 0.03444 ($3,343.71) on the time of writing.

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