Crypto Expert Weighs In On ETH/BTC Pair’s Recent Decline
Summary
Benjamin Cowen, CEO of Into The Cryptoverse, warns of potential downside risk in the Ethereum/Bitcoin (ETH/BTC) pair, noting a rejection by the bull market support band and a macro downtrend since November 2021. He predicts a further decline to $0.03-$0.04 by summer. Glassnode highlights a divergence in performance between Ethereum and Bitcoin, with ETH showing poorer performance in the 2023-2024 cycle due to weaker capital rotation trends.
