Ethereum is currently losing traction against Bitcoin as a top analyst pointed out.
With Ethereum’s Window of Weakness incoming, only ETF sentiment can positively change the narrative.
Prominent crypto analyst, Benjamin Cowen, warns of a major turning point for Ethereum (ETH) in its ongoing battle against Bitcoin (BTC). With the ETH/BTC ratio pegged at 0.05483 BTC ($2,010) at the time of writing, Cowen suggests that the next few weeks will be crucial in determining the fate of Ethereum in comparison to its dominant counterpart.
The Current State of ETH/BTC Ratio
Cowen, addressing his large YouTube subscribers, emphasizes the impending “decision time” for the ETH/BTC ratio. He points out that the ratio has been in a downtrend, especially since the merge, and currently stands at a critical juncture.
The analyst’s base view predicts a further decline in Ethereum’s Bitcoin valuation, aiming for a range between 0.03 BTC to 0.04 BTC. According to Cowen, only from this level coul
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