Coin-Turk 10 minutes ago
13
Crypto analyst Benjamin Cowen points out that Ethereum’s current market conditions resemble the cycle experienced in 2019. According to Cowen, Ethereum 
$1,894 may face significant challenges before the market can recover. He emphasizes that a major change in monetary policy is necessary for ETH ($1,885.99) prices to rise again.
Similarities with Ethereum’s 2019 Cycle
Benjamin Cowen expresses that Ethereum’s current situation bears signs similar to the market cycle of 2019. During that period, Ethereum experienced a serious decline after breaking the support level against the US dollar. Following that break, the market entered a new phase when the Federal Reserve ended its quantitative tightening policies, allowing Ethereum prices to rise again. Cowen attributes today’s uncertainties to unresolved monetary policy doubts, noting that the ongoing quantitative tightening is causing a delay in the expected turnaround for Ethereum prices.
The analyst indicates that Ethereum’s true bottom against Bitcoin
License.Read Entire Article
Screenshot generated in real time with SneakPeek Suite
BitRss World Crypto News | Market BitRss | Short Urls
Design By New Web | ScriptNet
