Experienced analyst of the cryptocurrency market, Benjamin Cowen, stated that Ethereum (ETH) will collapse against Bitcoin (BTC) and this will bring the end of the altcoin market.
Benjamin Cowen in a recent social media in your post For Ethereum and altcoins doomsaying made. Taking a close look at Ethereum’s performance against Bitcoin, the analyst noted that it has been performing poorly for a long time. ETH/BTC He did not foresee a bright future for the parity. Cowen, who draws certain periods for the decline, predicts that more will occur in the near future. slow And almost by dragging He hinted that he would fall.
Cowen said that the massive depreciation of Ethereum against Bitcoin will also affect the altcoin market. will hit hard stated:
Remember that the ETH/BTC crash could also spell the end of the altcoin market.
While stating that the trend in ETH/BTC has been downwards for a long time, the decrease is approximately 2021 in the year to 0.035 level He suggested that it could last for as long as According to the analyst’s prediction, ETH/BTC parity 40% Another decline may come:
ETH/BTC collapse continues. It has been a slower process than I expected so far, but the trend has actually been downwards for a long time.
Ethereum gained upward momentum, albeit for a short time, with the Ethereum forward exchange traded fund (ETF) applications at the beginning of October, but could not maintain it. ETH/BTC parity 2023 It continues to be positioned at the lowest level of the year.
ETH/BTC parity according to TradingView data from $0.057 finds buyers.
