Ethereum’s Current Cycle Mirrors 2019, Says Analyst
- Benjamin Cowen suggests Ethereum is following a pattern similar to its 2019 cycle.
- The current cycle is extended due to prolonged quantitative tightening (QT).
- QT involves reducing money circulation to counter inflation.
- The U.S. Federal Reserve may end QT by mid-2025, according to a document.
- Ethereum’s price was $1,652 at the time of reporting, up nearly 12% in 24 hours.
According to analyst Benjamin Cowen, Ethereum’s recent price movements resemble a tenfold reflection of its behavior six years ago, influenced by ongoing quantitative tightening expected to conclude by mid-2025.
Source (2.6)https://dailyhodl.com/2025/04/10/heres-why-ethereum-eth-is-underperforming-this-market-cycle-according-to-analyst-benjamin-cowen/?rand=59076
