Wall Street rallies, Ethereum slips – But ETH/BTC tells another story
As the second-largest cryptocurrency, Ethereum [ETH] often serves as a barometer for altcoin market conditions.
Recent signals suggest diverging outcomes, reflecting uncertainty across both crypto and traditional markets.
This dual narrative—balancing bullish and bearish interpretations—has taken shape through Ethereum’s evolving relationship with the Russell 2000 on one hand and Bitcoin on the other.
Russell 2000 breaks correlation with Ethereum
The Russell 2000, which tracks small-cap U.S. equities, has historically maintained a strong correlation with Ethereum.
That relationship has frequently acted as a directional guide for Ethereum’s price action, with knock-on effects across the wider altcoin market.
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