The Ethereum versus Bitcoin (ETH/BTC) pair may be reaching a cycle bottom, according to crypto analyst Benjamin Cowen. While Bitcoin's dominance level is still increasing, suggesting a potential downward move for ETH/BTC, Cowen believes there is a possibility for Ethereum to bottom out against Bitcoin before the rest of the altcoin market. He notes that some assets may bottom out against Bitcoin before others, and it appears that ETH/BTC is in its final stages of capitulation. However, the worst-case scenario could be a bounce to the upside followed by a lower low in December. Currently, ETH/BTC is trading at 0.04125 BTC ($2,597).



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