‘Welcome to Pain’ – Analyst Benjamin Cowen Says Ethereum Mirroring 2019 Market Cycle’s Playbook

A well-liked crypto analyst thinks Ethereum (ETH) must endure “ache” earlier than he returns.

In a brand new YouTube video, Benjamin Cowen tells his 886,000 subscribers that there ought to most likely be a change in financial coverage to decrease Bitcoin (BTC) eth graph.

“However to have a change in financial coverage, you have to be in ache. Welcome to the ache. That is the ache you finally want. Take into account the final cycle [in 2019]Eth/Bitcoin soil after ETH/USD Brak Help. ”

Cowen notes that ETH fell towards the US greenback in 2019, simply earlier than the Federal Reserve ended the quantitative tightening.

The analyst says that all the pieces that occurred within the earlier cycle occurs, “in precept this cycle occurs, it simply takes place in an extended time frame.” Cowen additionally notes that almost all worth factors of the present cycle are about 10x what they have been on the 2019 market.

“The explanation why individuals are struggling to navigate by this cycle and why it feels so completely different is as a result of the financial coverage has by no means modified this cycle. Within the final cycle we noticed a change within the financial coverage within the pre-defending yr. We at the moment are within the yr after relieving the yr and we now have nonetheless not seen any change within the quantitative tightening. We’ve got seen them scale back it a bit. They’ve delayed it, however they by no means actually stopped. ”

ETH trades at $ 1,907 on the time of writing. The second rating of crypto property per market hood has fallen by greater than 1% within the final 24 hours.

https://www.youtube.com/watch?v=6XPB-C_8HHC

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