Cryptocurrency Analyst Benjamin Cowen believes ETH is stronger than BTC

Cryptocurrency analyst Benjamin Cowen spoke about the most favorable time to buy Ethereum. He pointed out that the crypto coin is showing lower highs. At the same time, the analyst believes in the strengthening of the position of ETH compared to the position of BTC.

According to Cowen, this should happen only in 2024, and maybe in 2025, after the ethereum rate again demonstrates a fall against bitcoin. The analyst believes that the best time to buy Ethereum is when ETH/BTC dominance is in the range of 0.03 to 0.04.

The analyst said that he himself expects these figures. Until then, he has no plans to buy Ethereum.

And well-known crypto-skeptic Nouriel Roubini believes that Ethereum is a security, despite the “selfish statements” of ETH whales.

“ETH is a security in spite of all the self-serving b/s that ETH whales have been spewing for a decade! A bunch of ETH billionaires claim that isn’t a security. Totally laughable! SEC’s Gensler Reiterates ‘Proof-of-Stake’ Crypto Tokens May Be Securities,” Roubini tweeted.

Previously, he had already criticized the second-largest cryptocoin by capitalization. Then Roubini stated that the Ethereum ICO was “a scam aimed at filling the pockets of a small group of insiders, including Vitalik Buterin.”

Recently, on-chain indicators of the Ethereum network have shown a “bullish” mood against the background of the upcoming Shanghai hard fork of the crypto coin. Analysts point out that retail investors with less than 0.1 ETH and large Ethereum holders with wallets holding between 1 million and 10 million coins have been consistently hoarding cryptocurrencies.

This is considered a bullish sign. The supply of ETH on exchanges has been steadily declining since March 22, which means fewer coins available for sale.

What do you think about it?