In his video, Benjamin Cowen discusses when Ethereum might stop falling and start rising compared to Bitcoin. Right now, Ethereum is worth less than 0.04 Bitcoin, which Cowen sees as a good level for long-term investors to consider.
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He points out that, based on past trends, Ethereum usually takes 7-8 weeks to hit a low after breaking key price levels, and we're in that timeframe now.
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While the price could dip a bit more, Cowen doesn't expect it to fall much further, with the lowest possible level being around 0.03 Bitcoin.
However, even if Ethereum starts improving compared to Bitcoin, its price in dollars could still struggle. In previous cycles, Ethereum found its low against Bitcoin, but its dollar value continued to drop, especially during the last few months of the year.
In summary, Cowen believes Ethereum is likely to bottom out against Bitcoin before the year ends, but its price in dollars could remain weak, especially in the short term.
