Ethereum decouples from BTC – Here’s what it means for ETH’s future
Parting ways
According to Kaiko’s data, the BTC to ETH correlation has fallen below its historical average of 0.71 for the first time since 2021. In recent months, the two cryptocurrencies have demonstrated divergent price movements, with BTC benefiting from ETF-related hype and speculation, while ETH underwent a comparatively subdued rally.
Developments on Ethereum
However, some factors may help generate interest in ETH in the next few months.
Apart from the potential approval of the Ethereum ETF, the new developments on the Ethereum network may also provide some hope to ETH holders.
