Ethereum Prices Mirror Past Cycles: Analyst Highlights Similarity with 2019 Trends

Crypto analyst Benjamin Cowen observes that Ethereum’s recent price action shows a striking resemblance to past market cycles, specifically the one from 2019. He highlights the cyclical patterns and discusses how these similarities are mirrored in the current timeframe, albeit with crucial timing differences. Cowen attributes this pattern largely to the prolonged impact of quantitative tightening policies initiated by the US Federal Reserve. This prolonged period of monetary contraction is believed to be significantly impacting Ethereum’s momentum.