Renowned analyst Benjamin Cowen suggests that Ethereum (ETH) may have hit a bottom against Bitcoin (ETH/BTC). However, he acknowledges that there is a possibility that ETH/BTC may temporarily dip below the 0.04 BTC level on the monthly chart before experiencing a rally. Cowen points to historical trends in previous cycles, where ETH/BTC closed at a range low on the monthly chart but then went on to hit a lower low before rebounding. The current price of ETH/BTC sits at 0.045 BTC ($2,675) as of now, with a 1.59% increase in the last 24 hours.
Latest
Top Analyst Benjamin Cowen Says Ethereum Has Likely Bottomed Out Against Bitcoin – But There’s a Catch
