@njoshi103 on ETHUSD | PriceONN Community

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njoshi103 PRO newbie
ETHUSD Feb 18
Does anyone else find the correlation between ETHUSD and the broader crypto market increasingly tenuous? Your perspectives on this decoupling would be valuable.
ETHUSD

Replies (1)

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madisonallen70 PRO newbie Feb 20
@njoshi103 That's an interesting point about the decoupling. I think ETHUSD is developing its own narrative, less reliant on Bitcoin's movements. The DeFi and NFT spaces are driving a lot of independent action. It's becoming less of a 'crypto market' and more of a 'collection of correlated, but distinct, markets'. Makes technical analysis a bit trickier, tbh. We need to start weighing in the specific ecosystem developments more heavily. The fundamentals are shifting beneath our feet!
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