Ethereum/Bitcoin Pair Could Crash To 0.03200000 BTC, Analyst Warns
Portfolio Pulse from Murtuza Merchant
Crypto analyst Benjamin Cowen predicts a potential bearish trend for the Ethereum/Bitcoin (ETH/BTC) pair in the near term. He suggests that the pair is more likely to continue its descent rather than ascend in the short term, based on current market patterns and conditions. Cowen also speculates that the altcoin market might witness a pronounced drop, marking the 'end of the altcoin reckoning'.
September 21, 2023 | 5:24 pm
News sentiment analysis
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Ascending
NEGATIVE IMPACT
The bearish prediction for the ETH/BTC pair could potentially impact the price of Bitcoin in the short term.
As the ETH/BTC pair is predicted to descend, this could potentially lead to a decrease in the value of Bitcoin. However, the impact is uncertain as it also depends on other market factors.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The bearish prediction for the ETH/BTC pair could potentially impact the price of Ethereum in the short term.
As the ETH/BTC pair is predicted to descend, this could potentially lead to a decrease in the value of Ethereum. However, the impact is uncertain as it also depends on other market factors.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80