A widely followed cryptocurrency analyst is warning that the value of Ethereum (ETH) could plummet in tandem with a Fed rate cut.
In a new video update, cryptocurrency strategist Benjamin Cowen tells his 818,000 YouTube subscribers that ETH followed a similar pattern in 2019, plummeting to the lower end of the log-regression band and becoming the highest ranked altcoin. said it could be about $1,000.
The analyst said log-regression bands are designed to track the fair value of assets using “non-bubble data.”
“The reason I compare 2024 to 2019 is if you look at the rate hike cycle, just looking at interest rates, the Fed started cutting rates when ETH/USD hit a lower log-regression trendline. Because when we hit that, that's when the rate hike cycle hit the lower bound, the log regression trend line, we went home and now the Fed starts cutting rates again. ETH/USD is also on a downward trend, which may continue into the fourth quarter.
Cowen also said that ETH to Bitcoin (ETH/BTC) may have already found the market bottom, even though ETH/USD is still falling.
“Remember that ETH/Bitcoin bottomed before ETH/USD in 2019. ETH/Bitcoin bottomed in September. Coincidentally, the current ETH/Bitcoin The low is in September 2024. It could go down a little bit, but I don't think it will go down that much. I mean, maybe a little bit, but it doesn't need to go down relatively soon. It was easy to see a rebound and rise in 2025. However, despite the fact that ETH/Bitcoin bottomed in September 2019, ETH/USD continued to fall. .”
ETH/BTC is trading at 0.03905 BTC ($2,618) at the time of writing, down 1.74% in the past 24 hours.
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