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Cryptocurrency analyst Benjamin Cowen highlighted the current attractiveness of Ethereum 
$1,937‘s price level against Bitcoin 
$83,393, suggesting potential investment opportunities. He observed that when the ETH/BTC ratio is evaluated around the 0.03 mark, it may signal a favorable moment for traders. Cowen emphasized the importance of closely monitoring market developments for potential gains.
ETH/BTC Ratio and Expectations for Alt Seasons
Cowen noted that the ETH/BTC ratio is currently at 0.02806 BTC, reflecting a 1.3% increase during the day. He cautioned that while this ratio could dip lower, remaining near this level is crucial for the initiation of an alt season. An upward trend in the ratio is anticipated for the alt season to commence.
Developments in BTC Dominance
Benjamin Cowen mentioned that BTC dominance is another key factor influencing the alt season. Market observers believe that an increase in Bitcoin’s share could support the rise of alternative digital assets. Cowen stated that high levels of Bitcoin dominance might serve as a positive indicator for future market movements.
The following statements reflect Benjamin Cowen’s views:
Benjamin Cowen: “Overall, I find the ETH/BTC ratio attractive below 0.03. However, without entering a bullish trend, the alternative season may be delayed.”
Cowen also mentioned that although the ETH/BTC ratio could decline further, he does not feel the need for a new assessment due to its proximity to a low range. This perspective indicates ongoing uncertainties in the market. Investors are advised to monitor both the ETH/BTC ratio and changes in BTC dominance closely.
The article evaluates how the relationship between ETH and BTC shapes market expectations. Investors should proceed cautiously while considering the overall market outlook.
