Ethereum Bottom Against Bitcoin Likely Very Close, According to Analyst Benjamin Cowen – Here’s Why

Ethereum Bottom Against Bitcoin Likely Very Close, According to Analyst Benjamin Cowen – Heres Why

Widely followed crypto analyst Benjamin Cowen says that Ethereum (ETH) is potentially on the cusp of bottoming out against Bitcoin (BTC).

In a new strategy session, crypto trader Benjamin Cowen tells his 821,000 YouTube subscribers that the low for Ethereum in its Bitcoin pair (ETH/BTC) is either already in or very close to it.

Says Cowen,

To support his thesis, Cowen looks at historical trends, noting that ETH/BTC dipped by about 30% during the last cycle, a move that has already been made this time around.

ETH/BTC is currently trading at 0.03914 Bitcoin worth $3,195.

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