The cryptanalyst, Benjamin Cowen, recently provided insights on the optimal time to invest in Ethereum, highlighting key indicators to consider before making a purchase.
During an interview with the YouTube channel Altcoin Daily, Cowen referred to the ETH/BTC chart when asked about the ideal period to buy altcoins and invest in Ethereum.
Despite Ethereum demonstrating lower highs, the cryptanalyst is optimistic about its potential for growth in comparison to Bitcoin.
Cowen believes that this will occur in 2024 or 2025, following Ethereum’s decline against Bitcoin, the first-ever cryptocurrency.
According to Cowen, the optimal time to purchase Ethereum is when the ETH/BTC dominance rate drops to a range between 0.03 to 0.04. The analyst intends to wait until these figures materialize before making a buying decision.
Previously, Cowen cautioned against a possible decrease in the value of Bitcoin after observing a “death cross” formation on the weekly chart.