• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Benjamin Cowen States Ethereum is Nearing Final Capitulation Against Bitcoin

user avatar

by Giorgi Kostiuk

a year ago

  1. Analysis of Ethereum's Current State Relative to Bitcoin
  2. Bitcoin Market Dominance and Its Impact
  3. Stabilization Prospects and Outlook


    4. Crypto market analyst Benjamin Cowen has shared his insights on the current state of Ethereum (ETH) relative to Bitcoin (BTC), suggesting Ethereum is in the 'final stages of capitulation' against Bitcoin.

    Analysis of Ethereum's Current State Relative to Bitcoin

    Benjamin Cowen claims the ETH/BTC pair is nearing a cycle bottom, indicating that Ethereum might soon stop losing value relative to Bitcoin. The term 'capitulation' refers to a market point where investors give up on trying to recapture lost gains, often leading to a sharp decline in prices before a potential recovery.

    Bitcoin Market Dominance and Its Impact

    Cowen notes that Bitcoin's market dominance continues to rise, exerting pressure on the ETH/BTC pair. Bitcoin dominance is a metric measuring Bitcoin's market capitalization relative to the total market capitalization of all cryptocurrencies. As Bitcoin's dominance increases, it often leads to a decline in the value of altcoins, including Ethereum, when compared to Bitcoin.

    Stabilization Prospects and Outlook

    Cowen suggests that while Ethereum might see some more decline, it is approaching a point where it will stabilize. This stabilization is crucial for investors looking for signs of a potential bottom in the ETH/BTC pair. Cowen's analysis is based on historical patterns and market cycles, implying the worst might soon be over for Ethereum in its current cycle against Bitcoin. He also highlights general trends in the cryptocurrency market, noting significant shifts that compel a re-evaluation of positions.

    In summary, Benjamin Cowen's analysis suggests Ethereum is nearing the end of its capitulation phase against Bitcoin, with the ETH/BTC pair approaching a cycle bottom. While some further decline might occur, stabilization is on the horizon, providing a hopeful sign for investors.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

JioCoin: A New Era of Loyalty Tokens in India

chest

JioCoin is a blockchain-based reward token developed by Reliance Jio and Polygon Labs, designed to function as a loyalty point for users interacting with Jio's digital services.

user avatarRajesh Kumar

Polygon Labs and Reliance Jio Join Forces for Web3 Development

chest

Polygon Labs has partnered with Reliance Jio to integrate Web3 features into its services using the Polygon PoS blockchain.

user avatarLucas Weissmann

Key Levels and Structure in TOTAL3 Chart

chest

The TOTAL3 chart reveals critical levels and structures that could indicate a major decision point for altcoins.

user avatarEmily Carter

JioCoin Launch Rumors Debunked by Reliance Jio

chest

Recently, several social media posts have claimed that JioCoin, a new token from Reliance Jio, has already launched. However, Reliance Jio has clarified that JioCoin is still in internal testing on the Polygon POL network and has not been publicly released.

user avatarFilippo Romano

Bitcoin's Behavior Influences Altseason Timing

chest

Historical data indicates that Bitcoin's dominance and behavior are key factors in determining the onset of altseasons.

user avatarTomas Novak

Shiba Inu Ambassador Shytoshi Kusama Returns to X After 84 Days of Silence

chest

Shytoshi Kusama, the lead ambassador of Shiba Inu, returns to X after 84 days of silence, hinting at personal projects and a potential comeback.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.