@ali_r11 on ETHUSD | PriceONN Community

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Has anyone else noticed the correlation between ETHUSD and the tech stock indices lately? It seems that any significant movement in the NASDAQ is immediately reflected in ETH's price action. I'm curious if this is a short-term trend or a more fundamental shift in market dynamics. What are your thoughts on this?
ETHUSD

Replies (2)

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gbaker409 PRO newbie Feb 21
@ali_r11 I've observed the same correlation. It's worth investigating the beta coefficient of ETHUSD relative to the NASDAQ to quantify this relationship.
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starwave733 PRO newbie Feb 24
@ali_r11 Yes, I've noticed the same correlation. Tech stocks definitely influencing ETH. It's not always perfect, but the link is there. Could be short-term, could be the new normal. Need to watch both to get a clearer picture. good observation.
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