A crypto analyst has predicted when Ethereum, the world’s second-largest cryptocurrency, will bottom against Bitcoin, however, under certain conditions.&nbsp; 
<h2 id="analyst-predicts-eth-btc-bottom-timeline">Analyst Predicts ETH/BTC Bottom Timeline</h2> 
In a recent X (formerly Twitter) post, crypto analyst and founder of ITC Crypto, Benjamin Cowen, <a href="https://x.com/intocryptoverse/status/1784666898229080391?s=46" rel="nofollow">shared</a> his forecast regarding the Ethereum to Bitcoin price ratio, projecting the timeline for when ETH/BTC would hit its lowest value in the current market cycle.&nbsp; 
Sharing insights on the market conditions, Cowen noted striking similarities between the present market’s dynamics and the one seen in 2019. He disclosed that ETH/BTC’s recent bounce mirrored the market’s behavior in 2019, two months before the <a href="https://bitcoinist.com/bitcoin-takes-a-hit-as-fed-puts-rate-cuts-on-hold/" rel="nofollow">Federal Reserve (FED) cut down rates.&nbsp;</a> 
Cowen predicts that the ETH/BTC ratio will reach the <a href="https://bitcoinist.com/ethereum-fees-lowest-since-january-bottom-signal/" rel="nofollow">lowest point in its price cycle</a> when the FED makes a significant change in its monetary policy, often referred to as a “pivot.” The crypto expert expects this pivot to occur in a few months, ultimately suggesting that Ethereum would bottom against Bitcoin in the coming months.&nbsp; 
His analysis is also based on the assumption that macroeconomic conditions and the FED’s monetary policies can <a href="https://bitcoinist.com/federal-reserve-rate-cut-will-benefit-bitcoin/" rel="nofollow">significantly impact the cryptocurrency market</a>. Sharing a price chart of Ethereum against Bitcoin in another post, Cowen <a href="https://x.com/intocryptoverse/status/1780450095319695705?s=46" rel="nofollow">projected</a> that the ETH/BTC ratio will head towards a range of 0.03 and 0.04 by summer.&nbsp; 
Commenting on his prediction of ETH/BTC’s bottom, a crypto community member expressed skepticism about the <a href="https://bitcoinist.com/federal-reserve-rate-cut-will-benefit-bitcoin/" rel="nofollow">FED’s likelihood of cutting down rates </a>while inflation was still high. Cowen responded that the absence of a rate cut further reinforced his beliefs that the ETH/BTC ratio has not yet reached its lowest point. He suggests that unless inflationary pressures are addressed, the ETH/BTC ratio may <a href="https://bitcoinist.com/crypto-optimism-prevails-bitcoin-buy-signals-surge/" rel="nofollow">continue on its downward trend.</a>&nbsp; 
<h2 id="crypto-expert-calls-ethereum-a-higher-risk-asset">Crypto Expert Calls Ethereum A Higher Risk Asset</h2> 
In another post, Cowen referred to Ethereum as a higher-risk asset and Bitcoin as a lower-risk asset. The crypto analyst’s forecast on Ethereum against Bitcoin is underpinned by his interpretation of capital migration dynamics, suggesting that higher-risk assets typically <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-rally-3250/">depreciate relative to lower-risk assets</a>. 
He highlighted the uncertainty surrounding the future market movements of ETH/BTC following the halving event. Cowen predicted that if ETH/BTC witnesses a “relief rebound” after the halving, then he expects a rejection by the bull market support band, particularly in the context of weekly closing prices, estimated to range between $0.053 to $0.054.&nbsp; 
While acknowledging his past successes in predicting ETH/BTC price movements, Cowen highlighted that his predictions remain speculative, stating, “Just because I have been right so far about ETH/BTC does not mean I will continue being right.” 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/LxYpichq/" alt="Ethereum price chart from Tradingview.com
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Ethereum Price Prediction: Crypto Expert Says ETH Is Yet To Bottom Against Bitcoin

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