CandleFocus Expert Says Ethereum Likely to Weaken in Q4 But Recover in 2025 as ETH/BTC Nears Bottom
2024-10-17
Author: Content Editor
An analyst predicts that the ETH/BTC ratio will hit bottom in the fourth quarter of 2024, with Ethereum facing short-term weakness before a potential recovery in 2025. Benjamin Cowen, CEO of Into The Cryptoverse, has noted the weakening of Ethereum in comparison to Bitcoin and suggests that the ratio may dip to as low as 0.03. However, he advises against panic selling and points to historical breakdowns in Ethereum's price where temporary weakness was followed by a regain in strength. On the other hand, veteran market analyst Peter Brandt sees the potential for a bullish reversal based on an Inverse Head and Shoulders pattern forming on Ethereum's price chart. The completion of this pattern and a breakout above the resistance level could signal significant upward price movement.
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