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Benjamin Cowen noted that by the end of the year ETH/BTC pair can recover, but we should expect a large-scale fall:<br
“As far as I can tell from the chart, we are constantly seeing lower and lower peaks in the ETH/BTC pair, at least in the short term. That said, in the longer term, we see even lower peaks in 2017 (0.036 BTC). And that may be where the level of recovery begins.”
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At the same time the analyst notes that the probability of “bullish rally” in this pair without the continuation of the correction is quite low – first of all the “bears” need to complete this movement.
“I think no matter what, in the short term we can probably expect a continuation of the decline and only then can we assess the trading prospects for the ETH/BTC pair,” concluded Cowan.
In May, the cryptocurrency analyst warned his subscribers that during 2023, the exchange rate of the first cryptocurrency will spend in the corridor of $12,000 to $35,000.