Benjamin Cowen: Ethereum is set to grow faster than Bitcoin in the coming months
Relying on historical cycles of the cryptocurrency market, Benjamin Cowen stated that the ETH/BTC pair is expected to rise at the beginning of next year, regardless of the BTC/USD metrics.
"Historically, the ETH/BTC pair has reached its bottom in December or January. December is already coming to an end, and I think Ethereum will remain weak against Bitcoin until the end of the year, maybe even into early January. But then I expect the ETH/BTC to rise, regardless of the movement of BTC/USD," the analyst noted.
Cowen also said that 2025 should be quite favorable for traders of the ETH/BTC pair. He compared data from 2021 and 2022, analyzed movements in 2017, and stated that next year should be "green" for Ethereum:
"I would say that on quarterly charts you will see more green candles in 2025 and perhaps even in early 2026."
Earlier, the founder of MN Consultancy, Michaël van de Poppe, predicted a possible decline of Bitcoin in January 2025.