A well-known crypto analyst, Benjamin Cowen, believes Ethereum (ETH) is about to outshine Bitcoin (BTC). He thinks Ethereum’s current dip will end by the end of the year, setting the stage for a big comeback.
Ethereum’s Pattern
Cowen has been studying Ethereum’s price movements and sees a pattern. He says Ethereum usually follows a specific trend in each cycle: it reaches a peak, then dips, and then forms a lower high. He points out that this happened in 2016, when Ethereum dropped over 70% after breaking support. However, it bounced back and continued its upward climb.
Cowen believes this pattern is repeating itself, and that Ethereum will outperform Bitcoin again in the next bull market.
The Federal Reserve’s Role
Cowen thinks the Federal Reserve (FED) is about to make a move that will push the ETH/BTC pair to a price bottom by the end of the year. He predicts Ethereum could fall below $2,000 in the fourth quarter before bouncing back to new highs.
Is the Bull Market Over?
Many people are wondering if the bull market is over, especially after Bitcoin’s recent price drop. Cowen says the market has already gone through the “Quantitative Tightening” (QT) phase of the bull market. He believes the market is now positioning itself for a “Quantitative Easing” (QE) bull market in 2025.
