Crypto Money Analyst Benjamin Cowen, Ethereum $2,852.6‘s Bitcoin 
$98,847.0 He said he could continue to lose value in front of him. Cowen believes that the Ethereum/Bitcoin parity may continue to be downward with the impact of ongoing restrictions on US monetary policy.
Ethereum may fall
Cowen said that existing economic dynamics play a decisive role in the value of Ethereum. In the past, the analyst stated that the Ethereum/Bitcoin ratio was rolled to the base with the start of the US monetary policy to relax, and now he is evaluating the impact of the tightening implemented in monetary policy.
Analyst has experienced a series of different stories and technology transitions of Ethereum; These include the transition from business evidence to stock evidence and deflationist features in certain periods. However, that different narratives are insufficient to maintain the ethereum/bitcoin ratio; He stressed that the basic factor is changes in monetary policy.
Benjamin Cowen: “This cycle contains many narratives about Ethereum; However, as long as the tightening process in monetary policy continues, the decrease in Ethereum/Bitcoin ratio may continue. In the last cycle, we observed that with the relaxation of monetary policy, this parity went down to the base. ”
Ether Estimates
Although the analyst emphasized that Ethereum fell to a level of 0.023 BTC and that it should not be overly pessimistic at this level, he added that if the tightening of monetary policy is prolonged, the ethereum/bitcoin ratio may be further down.
Benjamin Cowen: “I don’t know how long Ethereum will fall. If Quantitative Tightening continues, it may be inevitable to reach lower levels; However, if there is relaxation in a short time, the current support level may be permanent. ”
As soon as the article was prepared, Ethereum was traded at the level of 0.0285 BTC, while the analyst warned this level about the wavy course that could continue in the coming period.
News aims to raise awareness of the impact of changes in monetary policy on crypto currency markets. Readers are informed about following market movements in the light of economic developments and innovations in monetary policy.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
