One Catalyst Could Trigger Ethereum To Plunge 50%+ Against Bitcoin, Says Top Crypto Analyst Benjamin Cowen
Bitcoin crypto Ethereum One Catalyst Could Trigger Ethereum To Plunge 50%+ Against Bitcoin, Says Top Crypto Analyst Benjamin Cowen 25 segundo ang nakalipas Balita ng Ethereum ng Bitcoin Widely followed crypto analyst Benjamin Cowen says that one event could cause Ethereum (ETH) to plummet relative to Bitcoin (BTC). In a new interview with Crypto Banter host Ran Neuner, Cowen says that the ETH/BTC pair could drop by more than 50% from its current value of 0.063 BTC, worth $1,828. Cowen believes that the ETH/BTC pair is likely printing a bearish double-top pattern on the monthly chart, suggesting that holders are using any rally to trade their ETH into BTC. Pinagmulan: Benjamin Cowen/Twitter He highlights that historically, the ETH/BTC pair generally declines during the months of June through December, and he predicts a decline to as low as 0.03 BTC ($871), an over 52% decrease from its current value. According to Cowen, the catalyst for the 52% ETH/BTC decline could be a stock market retracement.