Ethereum Faces Weeks of Further Decline Against Bitcoin, Says Analyst Cowen
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Ethereum (ETH) is approaching a major turning point against Bitcoin (BTC) that could see it collapse further, says crypto analyst Benjamin Cowen
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Cowen believes the ETH/BTC ratio will likely drop to the 0.03-0.04 range before potentially recovering
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He says the next 3-5 weeks are a "window of weakness" for Ethereum versus Bitcoin
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However, ETH could still temporarily rebound to higher levels like 0.057-0.06 BTC in the short term
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Cowen notes Ethereum often outperforms later in the year, but more weakness is expected over the next few weeks