Viewpoint: The current situation of ETH is similar to that in 2019. The Fed needs to change its policy before the ETH/BTC exchange rate can bottom out and rebound.

Odaily Planet Daily News Into The Cryptoverse founder Benjamin Cowen said that the current situation of ETH is similar to that in 2019, and changes in the Fed's monetary policy may be needed to make the ETH/BTC exchange rate bottom out and rebound. In addition, the price of ETH fell below its support level in 2019, just before the Fed ended its quantitative tightening policy. People feel that it is very difficult to make money in this cycle because the monetary policy of this cycle has not changed. In the previous cycle, the market witnessed a shift in monetary policy a year before the halving. At this stage, it is a year after the halving, but the quantitative tightening policy has not changed. The Fed has only slightly reduced its scale and slowed down its pace, but it has never really stopped.