Ethereum has been rejected off its bear market resistance band and is now tracking toward the lower boundary of its logarithmic regression channel — a level that roughly corresponds to the April 2025 price lows. Analyst Benjamin Cowen of Into The Cryptoverse argues the setup mirrors the 2019 cycle, where ETH found the same band, staged a brief rally, then bled down to the regression floor before recovering.
The ETH/BTC ratio is the key pressure point. With monetary policy rate cuts being priced out and markets now weighing potential rate hikes — driven by energy inflation and geopolitical risk — higher-risk assets are bleeding against lower-risk ones. The ETH/BTC pair is already below February levels, meaning if Bitcoin revisits the $60K range, Ethereum could reach April 2025 lows even without Bitcoin making new cycle lows.
A Bank of Japan rate hike, potentially in June, adds a…
Lookonchain
CoinDesk
CryptoSlate
WatcherGuru