Crypto Money Analyst Benjamin Cowen, Ethereum $1,903.08He said that the current market conditions of the current market are similar to the cycle in 2019. According to Cowen, Ethereum may face some important difficulties before the market is recovered. Analyst emphasized that an important change in monetary policy is necessary in order for ETH prices to rise again.
Similarities with Ethereum’s 2019 cycle
Benjamin Cowen said Ethereum’s current situation carries similar signs to the market cycle in 2019. At that time, Ethereum had a significant decrease in breaking the level of support against the US dollar. Following this breakage, the market entered a new era with the end of the quantitative tightening policies of the Federal Reserve and the Ethereum prices had risen again. According to Cowen, behind the uncertainties experienced today, the uncertainties in monetary policy is not solved. The fact that the quantitative tightening is not completely stopped yet causes delay in the expected transformation in the price of Ethereum.
Analyst, ETH’s Bitcoin 
$83,255.23 He states that it is also dependent on a similar process. Emphasizing that Ethereum’s performance against Bitcoin is needed in the markets, Cowen emphasized that a more pronounced monetary policy transformation is needed and underlined that investors should be prepared for this process.
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
Conditions for the rise of Ethereum
Cowen pointed out that Ethereum’s current price levels are about ten times higher than the previous cycle. However, the price of the current levels of the price, the market does not mean that permanent rise will begin. Cowen said that in order to see sustainable increases in Ethereum prices, a serious change in monetary policy should be a serious change and that federal reserve policies are critical.
According to the analyst, it is important that investors benefit from past experiences in order to read the movements in the market more accurately. Stating that Ethereum should re -enter the long -term rise trend, Cowen said that economic conditions and monetary policy should be clarified and called for investors to be patient and cautious. In the light of these analyzes, how Ethereum’s market performance will be shaped in the near future will be largely dependent on the policies of the central banks.
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.
