CandleFocus Ethereum in the Final Innings of Downtrend Against Bitcoin, Says Top Analyst Benjamin Cowen – Here’s His Outlook
2024-10-31
Author: Content Editor
Crypto analyst Benjamin Cowen believes that Ethereum (ETH) is approaching the end of its decline against Bitcoin (BTC). He points to historical patterns that suggest ETH/BTC typically finds its bottom two to three months after losing its support level, which he expects will occur soon. Cowen also predicts that Bitcoin's dominance level (BTC.D) will reverse course, leading to a higher value for ETH/BTC in the short term and in a year's time. Cowen suggests that many people have given up on Ethereum against Bitcoin, but this is a normal pattern that has occurred twice before and is likely to repeat. Currently, Bitcoin's dominance level is at 60.14%, while ETH/BTC is valued at 0.036, experiencing a 1.58% decrease in the last 24 hours.
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