ETH Shows Decreased Correlation with BTC

11/19/2024 3:58:44 PM

According to ki_young_ju, Ethereum (ETH) is showing a decreased correlation with Bitcoin (BTC), as the 180-day BTC-ETH Pearson correlation has reached a three-year low. This could mean that a 10% rise in Bitcoin might only lead to a 3% gain in Ethereum. Traders should note that strong performance in Bitcoin does not necessarily indicate a similar trend for Ethereum, as each asset is increasingly following its own path. (Source)

Bitcoin Ethereum Pearson correlation BTC-ETH correlation

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