Cryptocurrency expert Benjamin Cowen is sharing a pessimistic outlook on Ethereum (ETH) compared to Bitcoin (BTC) in the short to medium term. In a recent video addressed to his 799,000 YouTube followers, Cowen predicts a further decline for the Ethereum/Bitcoin (ETH/BTC) pair.

Cowen believes that Ethereum/Bitcoin will hit its lowest point this summer, while Ethereum/US dollar will continue to experience losses. He anticipates that the Federal Reserve will eventually resume printing money, leading to a bullish phase for the Ethereum/Bitcoin valuation. However, Cowen does not believe that this phase has arrived yet.

According to Cowen, the ETH/BTC pair could drop by as much as 38% as Bitcoin’s dominance increases. Currently, ETH/BTC is trading at 0.04869000 BTC ($3,070).

As for the timing of the bottoming out of the ETH/BTC pair, Cowen estimates that it could occur no earlier than June. However, he notes that this prediction is contingent on the Federal Reserve’s monetary policies. If the Federal Reserve continues with its current policies, the decline may persist beyond June.

It is important to note that the opinions expressed by Cowen are not investment advice. Investors should conduct their own research before engaging in high-risk investments in cryptocurrencies or digital assets. Transfers and trades are done at one’s own risk, and any losses incurred are the responsibility of the individual. The Daily Hodl, where this article was originally published, does not endorse the buying or selling of cryptocurrencies or digital assets and is not an investment advisor.