Ethereums Impending Collapse Against Bitcoin: Analyst Benjamin Cowen Reveals Targets

By Lola Coin Jun 29, 202398Views

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Cryptocurrency analyst Benjamin Cowen has expressed a bearish outlook on Ethereum (ETH) when compared to Bitcoin (BTC). He believes that the Ethereum/Bitcoin pair is on the verge of collapsing. Cowen’s chart suggests that Ethereum could drop by almost 40% to below 0.03800000 BTC. Cowen has recently been advocating for Bitcoin to outperform altcoins. He also predicts a bearish trend for Polygon (MATIC) and Solana (SOL) against Bitcoin. Cowen points out that altcoins can experience significant falls against Bitcoin, using Cardano (ADA) as an example. He warns that the altcoin reckoning can be brutal. At the time of writing, Ethereum is trading at $1,850, Polygon is trading at 0.00002085 BTC, Solana is trading at 0.00053313 BTC, and Cardano is trading at 0.00000907 BTC.

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