Ethereum (CRYPTO: ETH) is showing relative strength against Bitcoin (CRYPTO: BTC), but analysts warn the trend is temporary, with a rebound likely only after a seasonal pullback.
What Happened: In a podcast update on Wednesday, Benjamin Cowen highlighted the ETH/BTC ratio at 0.038, resembling August–September 2020 bottoming patterns.
He expects a local peak near 0.04 by late August before a correction.
The April 2025 lows aligned with the logarithmic regression band, historically signaling major ETH/BTC bottoms.
The upcoming correction is expected to …