Crypto analyst Benjamin Cowen suggests that Ethereum (ETH) may be close to reaching its bottom against Bitcoin (BTC). Cowen believes that the ETH/BTC pair will likely find its cycle low under 0.017 ($2,181) by the end of the year. He also states that if the US Federal Reserve were to end its monetary policy of quantitative tightening, it could potentially mark the bottom for the ETH/BTC pair. Cowen expects ETH/BTC to rally back up once quantitative tightening is over. At the time of writing, ETH/BTC is trading at 0.0264 ($2,227), showing a decrease of 3.2% in the previous 24 hours.



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