Analyst Cautions That Bitcoin and Ethereum Will Not Experience Relief Until the Fed Lowers Rates

Fed's Rate Policy Impact on Crypto: Analyst Ben Cowen predicts that the Federal Reserve will not cut rates aggressively until the stock market collapses, which could keep Bitcoin and Ethereum in a stagnant state until summer 2026.

Historical Patterns: Cowen draws parallels between the current market conditions and past cycles, noting that Bitcoin's recent cycle ended in October without reaching euphoria, similar to the 2019 pattern where the Fed only intervened after a stock market crash.

Ethereum's Potential Rally: Cowen suggests that Ethereum could follow a trajectory similar to Tesla's, potentially reaching new all-time highs in early 2026 before experiencing a significant downturn later that year.

Price Predictions: If Bitcoin reaches $100,000 and the ETH/BTC ratio hits 0.053, Cowen estimates that Ethereum could rise to approximately $5,300, indicating a potential exit rally for institutions.