A closely followed crypto analyst says that Ethereum (ETH) looks primed to surge against Bitcoin (BTC) as we enter the new year.
In a new video update, crypto strategist Benjamin Cowen tells his 848,000 YouTube subscribers that based on historical trends, Ethereum should soon bottom out against the top crypto asset by market cap.
-->According to Cowen, ETH/BTC will rise sometime in early 2025 no matter how the crypto king fares against the US dollar.
“Think about this: historically, ETH/BTC bottoms out either in December or January.
It’s already December [22nd]. My guess? ETH stays weak against Bitcoin, probably for the rest of the year.
It doesn’t mean you can’t have a green week – but it’s probably going to stay weak for the rest of the year, maybe early January, and then I would expect ETH/BTC to start moving up in 2025, regardless of the direction of BTC/USD.”
Cowen goes on to note that also based on previous market cycles, 2025 should be a good year for ETH/BTC in terms of quarterly returns.
“2022 Q1 and Q2 were red, then you had Q3 and Q4 [that] were green. The only other quarter that ETH/BTC has been green besides the second half of 2022 for the last three years was Q2 2024…
But what do you notice about 2021? ETH/BTC was green. What do you notice about 2017? At least ETH/BTC was green in the first half, it was red in the second half but then it was green in 2018 as well.
So I would argue as quarterly returns go, you’re probably going to see more green for ETH/BTC in 2025 and maybe even early 2026.”
ETH/BTC is valued at 0.03444 ($3,343.71) at time of writing.
