Ethereum’s Past Performance Shows a Resemblance to its 2019 Trend

Ethereum’s price action is reminiscent of its surge in 2019, as analyst Benjamin Cowen highlights similar patterns. However, key differences lie in the extended period of quantitative tightening (QT), which has a significant impact on Ethereum’s recovery trajectory. Unlike previous cycles, this current QT phase coincides with ongoing monetary constraints, influencing market sentiment and potentially leading to a more prolonged recovery process for Ethereum.