{"id":366492,"date":"2025-02-06T21:11:46","date_gmt":"2025-02-06T15:41:46","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=366492"},"modified":"2025-02-06T21:11:46","modified_gmt":"2025-02-06T15:41:46","slug":"benjamin-cowen-warns-ethereum-could-continue-bleeding-against-bitcoin-says-one-factor-to-determine-bottom-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/benjamin-cowen-warns-ethereum-could-continue-bleeding-against-bitcoin-says-one-factor-to-determine-bottom-crypto-news\/","title":{"rendered":"Benjamin Cowen Warns Ethereum Could Continue Bleeding Against Bitcoin, Says One Factor To Determine Bottom &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The widely followed cryptocurrency analyst Benjamin Cowen is warning that Ethereum (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/ethereum\">ETH<\/a>) could slide further against Bitcoin (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\">BTC<\/a>).<\/p>\n<p>In a new video, Cowen <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=FRLK6NvcjTk\">tells<\/a> his 866,000 YouTube subscribers that Ethereum could continue falling against Bitcoin if the US monetary policy remains restrictive.<\/p>\n<p><em>\u201cThis cycle Ethereum has had plenty of narratives \u2013 the transition from proof of work to proof of stake, it being deflationary for a period of time\u2026<\/em><\/p>\n<p><em>\u2026among other narratives as well \u2013 the spot ETF, institutional buying\u2026 it has not stopped Ethereum\/Bitcoin from dropping\u2026<\/em><\/p>\n<p><em>\u2026as we\u2019ve said for a long time until quantitative tightening ends, Ethereum\/Bitcoin can go lower.\u201d<\/em><\/p>\n<p>According to Cowen, the Ethereum\/Bitcoin pair previously bottomed out when the US monetary policy eased.<\/p>\n<p><em>\u201cThere\u2019s not really a clear reason to assume that the [Ethereum\/Bitcoin] bleed is over until quantitative tightening ends. The reason I made that assumption was if you look at the balance sheet of the Federal Reserve you will notice that last cycle Ethereum\/Bitcoin bottomed precisely when quantitative tightening ended.<\/em><\/p>\n<p><em>So as quantitative tightening continued, Ethereum\/Bitcoin went down. When quantitative easing began Ethereum\/Bitcoin went up. It was as simple as that and it had nothing to do with all the other narratives out there.\u201d<\/em><\/p>\n<p>On where and when the Ethereum\/Bitcoin pair could bottom out, the widely followed analyst says,<\/p>\n<p><em>\u201cI don\u2019t know how much lower it [Ethereum] has to go. It\u2019s gone to 0.023 BTC. I can\u2019t with a clear conscience be overly bearish on Ethereum\/Bitcoin at 0.023 BTC. I can acknowledge that it could go lower until quantitative tightening ends. I can accept that as a reality.<\/em><\/p>\n<p><em>But there\u2019s also a potential reality where quantitative tightening ends soon and maybe it bottoms right here [0.02337 BTC] for a while especially considering that this has been a support level for Ethereum\/Bitcoin before\u2026<\/em><\/p>\n<p><em>\u2026so for me I think that it\u2019s got to be getting close. But if you were to tell me that quantitative tightening were to continue for another six months then I would probably say \u2018yeah, it\u2019s probably going to go down.\u2019 But if you were to tell me the quantitative tightening is going to end next month, then this very well could be the bottom.\u201d<\/em><\/p>\n<p>Ethereum is trading at 0.0285 BTC ($2,812) at time of writing.<\/p>\n<p><iframe loading=\"lazy\" title=\"Has Ethereum Gone Home Yet?\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/FRLK6NvcjTk?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>\u00a0<\/p>\n<p><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Check <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">X<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">Facebook<\/a> and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Surf <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&amp;nbsp<\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt\"><em>Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The widely followed cryptocurrency analyst Benjamin Cowen is warning that Ethereum (ETH) could slide further against Bitcoin (BTC). In a new video, Cowen tells his 866,000 YouTube subscribers that Ethereum could continue falling against Bitcoin if the US monetary policy remains restrictive. \u201cThis cycle Ethereum has had plenty of narratives \u2013 the transition from proof [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":366494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-366492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/366492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=366492"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/366492\/revisions"}],"predecessor-version":[{"id":366497,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/366492\/revisions\/366497"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/366494"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=366492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=366492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=366492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}