Bankless Where’s the ETH Bottom? | Ben Cowen
16 snips
Sep 10, 2024 
Ben Cowen, founder of Into The CryptoVerse and a popular YouTube chart analyst, dives into the intricate world of Ethereum and cryptocurrency cycles. He discusses whether Ethereum has hit its bottom and the implications for the ETH/BTC ratio. Cowen also reveals his portfolio strategies amidst the volatile landscape, while exploring the relevance of four-year cycles and the impact of macroeconomic factors on future trends. His insights promise to challenge conventional wisdom on crypto investments and market dynamics.
AI Snips
Chapters
Transcript
Episode notes
Four-Year Cycle Intact
- The four-year Bitcoin cycle, driven by halvings or liquidity, seems intact, despite doubts arising during flat periods.
- Current market behavior mirrors previous cycles, with a curveball in the timing of rate cuts.
ETH/BTC Cyclical Pattern
- ETH/BTC ratio follows a cyclical pattern: topping, bottoming, lower high, then breakdown.
- This pattern, observed in previous cycles, suggests a potential breakdown for ETH/BTC.
ETH/BTC on Track
- ETH/BTC appears to be following its typical cyclical pattern, aligning with previous cycles.
- This suggests a potential bottoming out for ETH relative to BTC.