Renowned cryptocurrency analyst Benjamin Cowen has predicted a significant decrease in the trading value of the Ethereum to Bitcoin (ETH/BTC) pair. He foresees a substantial drop in Ethereum's value compared to Bitcoin, with a potential decline of up to 38% from current levels. This shift highlights the increasing dominance of Bitcoin in the cryptocurrency market.

In his analysis for YouTube viewers, Cowen suggested that the ETH/BTC pair could experience its lowest point in the upcoming summer months. The expected decline may persist for an extended duration before Ethereum shows signs of recovery against the US dollar. This projected drop could cause Ethereum's price to fall within the range of $1,800 to $1,900, emphasizing its volatility when compared to Bitcoin.

The significant depreciation of Ethereum against Bitcoin could have far-reaching effects on the altcoin market. As Ethereum is the largest altcoin by market capitalization, a weakening in its value may lead to a ripple effect where other altcoins might also lose value against Bitcoin, potentially reshaping the market dynamics significantly.

Cowen highlighted that the bottoming out of the ETH/BTC trading pair may occur as early as June, depending on various factors including critical monetary policy decisions by the U.S. Federal Reserve. The timeline for Ethereum's recovery against Bitcoin could be influenced by these economic policies, requiring investors to closely monitor the actions of the Fed.

The analyst also underscored the substantial impact of the Fed's monetary policies on the crypto market. He speculated that delays in rate cuts or a shift from quantitative tightening to quantitative easing could extend the bottoming process of the ETH/BTC trading pair beyond the originally expected timeline.

Key Points to Note:

• Expect a 38% decrease in the ETH/BTC trading pair, possibly dropping to $1,800 to $1,900.
• Stay informed about U.S. Federal Reserve decisions as they could significantly affect the recovery timeline of Ethereum against Bitcoin.
• Be aware of the broader impact on the altcoin market, with potential declines in other altcoins concerning Bitcoin.

Despite caution in the short to medium-term, Cowen maintains a positive outlook on Ethereum's long-term potential against Bitcoin. He suggests that a bullish phase might follow when favorable conditions align, particularly in response to shifts in monetary policy.