Mike Smith
December 24, 2024
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Cryptocurrency analyst Benjamin Cowen expressed confidence that the ETH/BTC pair will reach its minimum in the coming weeks, and from the beginning of next year, Ether will begin to outpace Bitcoin in growth rates.
Based on historical data, Cowen noted that the movement of ETH/BTC traditionally shows a certain seasonality. According to him, the pair's minimum often falls in December or January, which is supported by long-term observations:
"In the past, the ETH/BTC pair has usually bottomed in December or early January. As December is already coming to an end, I expect Etherum to remain weaker than Bitcoin for the rest of the year, and possibly into the first weeks of January. But soon after that, it will likely begin to strengthen against Bitcoin, regardless of the dynamics of BTC/USD," the analyst said.
Cowen also emphasized that 2025 could be a significant milestone for ETH/BTC traders. He compared the performance of recent years and pointed out that similar market cycles have been seen before, such as in 2017. In his view, the coming periods will be characterized by steady growth for Etherum:
“If you look at the quarterly charts, you can expect to see a predominance of green candles in 2025, and possibly into early 2026,” he noted.
This trend is further supported by the forecasts of other experts. For example, Michael van de Popp, head of MN Consultancy, recently suggested that Bitcoin could decline in January 2025, which could strengthen Etherum’s position.
