Key Takeaways:
Benjamin Cowen draws parallels between Ethereum’s current trend and 2019 market conditions.
Suggests ETH/BTC may not bottom until the Federal Reserve shifts its monetary policy.
Historically, policy changes occurred a year before Bitcoin halvings, but the Fed’s tightening continues.
Ethereum’s Struggles Echo 2019 Market Conditions
According to Odaily, Benjamin Cowen, founder of Into The Cryptoverse, sees similarities between Ethereum’s current price action and the 2019 cycle, suggesting that a major shift in U.S. monetary policy may be required before ETH can fully recover.
2019 vs. 2025: Key Similarities
ETH/BTC exchange rate decline: ETH struggled against BTC in 2019 as market liquidity tightened.
Federal Reserve’s role: A shift in Fed policy was necessary for ETH to recover.
Market difficulty in profiting: Traders struggled to make gains amid an unchanged monetary environment.
In 2019, Ethereum dropped below key support levels as the Federal Reserve continued its quantitative tightening (QT) program. It wasn’t until the Fed reversed course that ETH rebounded significantly.
