Expected Decline in Ethereum and Bitcoin Transaction Pair and Its Effects

Crypto analyst Benjamin Cowen predicts a significant decline in Ethereum’s (ETH) transaction pair with Bitcoin (BTC). Cowen anticipates that the ETH/BTC pair will decrease during the summer months, before Ethereum gains strength against the dollar. The analyst emphasizes that this decline could be as much as 38% for Ethereum and that this would indicate an increase in Bitcoin’s dominance in the market. Impact of the Pair on the Altcoin Market According to Cowen, the decline in the ETH/BTC transaction pair will lead to a loss in value for other altcoins, including Ethereum, against Bitcoin. This can be considered as a negative development for the altcoin market in general. Due to Ethereum’s status as the largest altcoin in terms of market value, this decline is expected to have a broad impact on the altcoin market. Timing and Potential Recovery Cowen predicts that the potential bottoming time for the ETH/BTC transaction pair […]

Expected Decline in Ethereum and Bitcoin Transaction Pair and Its Effects

Crypto analyst Benjamin Cowen predicts a significant decline in Ethereum’s (ETH) transaction pair with Bitcoin (BTC). Cowen anticipates that the ETH/BTC pair will decrease during the summer months, before Ethereum gains strength against the dollar. The analyst emphasizes that this decline could be as much as 38% for Ethereum and that this would indicate an increase in Bitcoin’s dominance in the market.

Impact of the Pair on the Altcoin Market

According to Cowen, the decline in the ETH/BTC transaction pair will lead to a loss in value for other altcoins, including Ethereum, against Bitcoin. This can be considered as a negative development for the altcoin market in general. Due to Ethereum’s status as the largest altcoin in terms of market value, this decline is expected to have a broad impact on the altcoin market.

Timing and Potential Recovery

Cowen predicts that the potential bottoming time for the ETH/BTC transaction pair is June, but notes that this process could change, especially depending on the monetary policy decisions made by the Federal Reserve. The analyst suggests that policy changes by the Fed could influence Ethereum’s recovery against Bitcoin. Additionally, Cowen states that in the long term, Ethereum’s potential for a rise against Bitcoin remains.

Useful Information

A decrease of up to 38% in Ethereum’s transaction pair with Bitcoin is expected.
This decline may have a negative impact on the overall altcoin market.
The bottoming of the ETH/BTC transaction pair may be subject to change depending on the monetary policy decisions of the Federal Reserve.
In the long term, Ethereum’s upward trend against Bitcoin may continue.

Analyst Benjamin Cowen recommends closely monitoring Ethereum’s position against Bitcoin in the short and medium term and advises investors to be prepared for these changes. Keeping a close watch on potential changes in the ETH/BTC transaction pair and market dynamics is critical for investors.

how to buy crypto?
Related Posts

do you really trust these bitcoiners

News 2 months ago

Discover the factors impacting trust in Bitcoiners and learn how to assess and build trust in the Bitcoin community. Understand the challenges to trust in Bitcoiners.In the world of cryptocurrency, Bitcoin has become a hot topic of discussion, and those involved in the Bitcoin community often refer to themselves as “Bitcoiners.” With the increasing popularity of Bitcoin, the concept of trust within this community has become a crucial aspect to consider. As a blogger in the cryptocurrency space, it’s important to examine the dynamics of trust within the Bitcoin community. In this blog post, we will delve into the various subtopics related to the trustworthiness of Bitcoiners, such as understanding what trust means in the context of Bitcoin, assessing the factors that impact trust in Bitcoiners, exploring the challenges to trust within the Bitcoin community, and discussing strategies for building and maintaining trust. Ultimately, the goal of this post is […]

do you really trust these bitcoiners beware

News 2 months ago

Learn about Bitcoin, cryptocurrency, and how to protect your investments from scams. Can you trust Bitcoiners? Find out here.Are you thinking about investing in Bitcoin or other cryptocurrencies? With the increasing popularity of digital currencies, it’s important to have a solid understanding of the world of cryptocurrency and the potential risks involved. In this blog post, we will delve into the basics of Bitcoin, explore the world of cryptocurrency, discuss the issue of trusting Bitcoiners, and provide tips for identifying scams and protecting your investments. While Bitcoin and other cryptocurrencies can offer exciting investment opportunities, it’s crucial to be aware of the potential for scams and fraud within this rapidly evolving market. By being informed and vigilant, you can make informed decisions about your investments and protect yourself from potential risks. So, before you trust just any Bitcoiner with your hard-earned money, read on to learn how to navigate the […]

how much is 0.29 bitcoin

News 2 months ago

Learn about the factors affecting Bitcoin’s value, current market trends, and strategies for investing in 0.29 Bitcoin. Understand Bitcoin’s worth today.Are you curious about the current value of 0.29 Bitcoin? In today’s digital age, Bitcoin has become a hot topic, with its value constantly fluctuating. Understanding the factors that affect Bitcoin’s price and the current market trends can help you evaluate the worth of your investment. In this blog post, we will delve into the various aspects of Bitcoin value, including the factors that influence its price and the strategies you can employ for Bitcoin investment. Whether you’re a seasoned investor or just starting out in the world of cryptocurrency, it’s essential to stay informed about the value of your Bitcoin holdings. So, let’s explore how much 0.29 Bitcoin is worth and what you can do to make the most of your investment. Understanding Bitcoin Value Bitcoin value is a […]

0 Comment

Write a Comment

how to buy crypto?
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • bitcoinBitcoin(BTC)
    $69,672.004.54%
  • ethereumEthereum(ETH)
    $3,611.184.61%
  • tetherTether(USDT)
    $1.000.01%
  • binancecoinBNB(BNB)
    $631.315.13%
  • solanaSolana(SOL)
    $158.817.98%
  • staked-etherLido Staked Ether(STETH)
    $3,608.564.46%
  • usd-coinUSDC(USDC)
    $1.00-0.11%
  • rippleXRP(XRP)
    $0.4946254.26%
  • dogecoinDogecoin(DOGE)
    $0.14941710.21%
  • the-open-networkToncoin(TON)
    $7.529.36%
Random