Benjamin Cowen Reveals Prediction About Ethereum’s Price Vs. Bitcoin

It has been just revealed the fact that the Benjamin Cowen warns that ETH could collapse against the most important digital asset. Check out the latest reports about this below.

Regarding the price of Bitcoin and Ethereum today, at the moment of writing this article, BTC is trading in the green, and the king coin is priced at 425,513, and ETH is trading at $1,669.

According to the latest reports, the important crypto analyst Benjamin Cowen is warning of a possible Ethereum (ETH) collapse relative to Bitcoin (BTC) as the altcoin markets continue to flash signs of weakness.

In a new strategy session, Cowen said that the ETH/BTC pair could drop more than 45% from its current value of 0.066 BTC, worth $1,650.

Cowen also stated the fact that the ETH/BTC pair could potentially ignite a recovery rally later this year after witnessing a deep retracement.

“As far as I can tell, all we’ve seen with the Ethereum/Bitcoin valuation is a series of lower highs, at least in the short term.”

He continued and pointed out the following:

“Now, I will remind you that over a longer period of time, we have seen a series of higher lows, but we’ve also had lower highs from 2017. So there’s this element here of perhaps the time to consider a more likely bullish trend is somewhere down here [at the 0.036 BTC level]. And maybe it’s down here that we can then start to speculate about some type of recovery.”

In other news, according to the latest reports, it seems that the US-based venture capital firm Andreessen Horowitz (a16z) says that it is expanding to the United Kingdom (UK) because crypto regulations are clearer there.

In a new announcement, Chris Dixon, who is the founder of Andreessen’s $7.6 billion a16z crypto fund, stated the fact that crypto could only succeed where governments are establishing clear rules for digital assets.