Well-known crypto analyst Benjamin Cowen, Ethereum 
$2,641(ETH) Bitcoin 
$72,362He stated that the downtrend against (BTC) is in its final stages. In his evaluation on YouTube, Cowen stated that, based on historical models, Ethereum could start a strong winning streak against the leader of the crypto market, Bitcoin.
Status of ETH/BTC Parity
Cowen said that the ETH/BTC pair tends to bottom in the two to three month period after losing the support level. The analyst said this bottom is likely to occur soon, but did not give an exact date.
“ETH/BTC usually bottoms out within two to three months after breaking the support level. This bottom should happen soon, but I don’t know exactly when. But I think it will happen relatively soon.” –Benjamin Cowen
Bitcoin’s Market Domination
Cowen stated that Ethereum is in the final phase of its downtrend because Bitcoin’s market dominance (BTC.D) will reverse. Currently, Bitcoin’s market dominance is at 60.14%, while ETH/BTC parity is at 0.036, down 1.58%.
“I think within a year ETH/BTC will be much higher than it is now. “It may decrease a little more in the short term, but I think it will be much higher within a year.” –Benjamin Cowen
Future Predictions
Cowen stated that many people gave up on Ethereum in Bitcoin parity, but this is a normal pattern that has happened twice before and this pattern will probably repeat for the third time. The fact that the analyst thinks that the ETH/BTC pair is in the final stages of its downtrend means that Bitcoin dominance is also approaching the end of its uptrend.
According to analyst predictions, Ethereum’s completion of this cyclical decline could pave the way for the emergence of new opportunities in the crypto market. For investors, this may be an important time period to re-evaluate the dynamics between Ethereum and Bitcoin.
As a result, the future of ETH/BTC parity will continue to be shaped depending on market dynamics and general crypto trends. In this process, it is important for investors to take careful and conscious steps.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
