Ethereum Surge Tied to Fed Printing

Monetary Policy Shift Could Trigger Altseason, Analyst Suggests

• Crypto analyst Benjamin Cowen links altseason to changes in monetary policy.
• Altseasons historically began after the Federal Reserve ended quantitative tightening (QT).
• Ethereum (ETH) has lost value against Bitcoin (BTC) during current QT cycle.
• A basket of altcoins recently reached new lows, continuing a trend since early 2022.
• The ‘memecoin supercycle’ narrative is challenged by altcoins’ ongoing decline relative to BTC.

Benjamin Cowen suggests that an end to the Federal Reserve’s quantitative tightening could trigger an altseason, where altcoins outperform Bitcoin. Ethereum and other altcoins have continued to lose value against Bitcoin during the current QT cycle.