A closely followed crypto analyst says that Ethereum (ETH) looks primed to surge against Bitcoin (BTC) as we enter the new year.
In a new video update, crypto strategist Benjamin Cowen tells his 848,000 YouTube subscribers that based on historical trends, Ethereum should soon bottom out against the top crypto asset by market cap.
According to Cowen, ETH/BTC will rise sometime in early 2025 no matter how the crypto king fares against the US dollar.
“Think about this: historically, ETH/BTC bottoms out either in December or January.
It’s already December [22nd]. My guess? ETH stays weak against Bitcoin, probably for the rest of the year.
It doesn’t mean you can’t have a green week – but it’s probably going to stay weak for the rest of the year, maybe early January, and then I would expect ETH/BTC to start moving up in 2025, regardless of the direction of BTC/USD.”
Cowen goes on to note that also based on previous market cycles, 2025 should be a good year for ETH/BTC in terms of quarterly returns.
“2022 Q1 and Q2 were red, then you had Q3 and Q4 [that] were green. The only other quarter that ETH/BTC has been green besides the second half of 2022 for the last three years was Q2 2024…
But what do you notice about 2021? ETH/BTC was green. What do you notice about 2017? At least ETH/BTC was green in the first half, it was red in the second half but then it was green in 2018 as well.
So I would argue as quarterly returns go, you’re probably going to see more green for ETH/BTC in 2025 and maybe even early 2026.”
ETH/BTC is valued at 0.03444 ($3,343.71) at time of writing.
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