ETHEREUM $ETH FACES POTENTIAL VALUE DECLINE AMID FED RATE CUTS
Prominent crypto strategist Benjamin Cowen warns of Ethereum's (ETH) possible value drop as the Federal Reserve enters a new phase of interest rate cuts.
He compares 2024 to 2019, highlighting a similar scenario where ETH/USD dipped below the logarithmic regression trend line during rate cuts.
While the ETH/BTC pair has hit its lowest point, further depreciation for ETH/USD is still expected.
Market participants are urged to remain cautious as Ethereum's performance hinges on the Fed's monetary policies and overall market conditions.
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