Benjamin Quinn says that Ethereum may continue to bleed against Bitcoin, says one of the factors to determine the bottom.

The Benjamin Quinn cryptocurrency is widely warns that ETHEREUM (ETH) can slip against Bitcoin (BTC).

In a new video, Quinn Recount Its 866,000 subscribers on YouTube said that Ethereum can continue to fall against Bitcoin if American monetary policy remains restricted.

“This ETHEREUM session had many accounts – the transition from proving work to proving a share, which is a contraction for a period of time …

… also among other accounts – traded investment boxes, institutional purchase … Ethereum/bitcoin did not prevent decline …

… as we said for a long time until the quantitative tightening ends, Ethereum/bitcoin can decrease. “

According to Kenwin, Ethereum/Bitcoin’s husband had reached below when American monetary policy eased.

“There is no clear reason for the assumption that [Ethereum/Bitcoin] The bleeding ended until the quantitative tightening ends. The reason I took this assumption if I looked at the public budget of the federal reserve, you will notice that the last session Ethereum/bitcoin has reached the bottom at the end of the quantitative tightening.

As quantitative tightening continues, Ethereum/bitcoin decreased. When the quantitative dilution began, Ethereum/bitcoin rose. It was simple like that and had nothing to do with all other novels there. “

About where and when the Ethereum/bitcoin husband can abroad, the widely followed analyst says, says,

“I don’t know how low it is [Ethereum] You should go. He went to 0.023 BTC. I can’t be a clear conscience, as it is excessive on Ethereum/bitcoin at 0.023 BTC. I can acknowledge that it can decrease until the quantitative tightening ends. I can accept it as a fact.

But there is also a possible fact that the quantitative tightening ends soon and perhaps the bottoms here [0.02337 BTC] For a while, given that this was a support level for ethereum/bitcoin before …

… so to me, I think it should be approached. But if you are going to tell me that the quantitative tightening would have continued for another six months, I may say, “Yes, it is likely to decrease.” But if you are telling me that the quantitative tightening will end next month, this may be very good. “

ETHEREUM is traded at 0.0285 BTC ($ 2,812) at the time of writing this report.

https://www.youtube.com/watch?

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