CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
The Daily Hodl 2025-02-28 20:55:50

Ethereum Is Getting Pretty Close to Bottoming Out Against Bitcoin, Warns Crypto Analyst Benjamin Cowen

A widely followed crypto analyst says that smart contract platform Ethereum ( ETH ) appears close to bottoming out against Bitcoin ( BTC ). In a new video update, crypto strategist Benjamin Cowen tells his 877,000 YouTube subscribers that the ETH/BTC pair will likely find its cycle low under 0.017 ($2,181) sometime near the end of the year. “ETH/BTC market cap ratio is getting pretty close to the lows…I think there is a decent chance that it will bottom out.” However, according to Cowen, if the US Federal Reserve were to cease its monetary policy of quantitative tightening, the ETH/BTC pair would immediately bottom out. Quantitative tightening is when central banks shrink their budgets to reduce the amount of money circulation in the economy as a means of countering inflation. “If the Fed were to end quantitative tightening, that could very well mark the bottom for ETH/BTC right now… I don’t really expect it to go higher until quantitative tightening is over, at least not in a durable fashion. That doesn’t mean [ETH/BTC] can’t bounce around but I just wouldn’t expect that until quantitative tightening is over. What’s likely going to happen at some point is whenever quantitative tightening ends, it’ll likely get a rally back up to the bull market support band.” In June 2022, the Federal Reserve announced that it would reduce its balance sheet. ETH/BTC is trading for 0.0264 ($2,227) at time of writing, a 3.2% decrease from the previous 24 hours. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Ethereum Is Getting Pretty Close to Bottoming Out Against Bitcoin, Warns Crypto Analyst Benjamin Cowen appeared first on The Daily Hodl .

Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez