$ETH I think after seeing Ethereum pull this move again even while Bitcoin hits a new ATH, I can finally confirm that Ethereum now moves and influence more like big stocks, like Apple, Tesla, and the rest. Just look at the charts compare Ethereum to those major stocks, and you’ll see a similar pattern. At first, I was in denial. But today, after watching the Dow Jones drop 700 points and seeing Ethereum react just like the big companies in the index, it finally clicked.
Maybe from now on, we should treat Ethereum more like a stock trade it during the same times and in the same way as we do with Dow Jones or S&P 500 stocks.
I’m not exactly sure when this behavior started for Ethereum. Bitcoin, on the other hand, still seems like the lone wolf in crypto. It’s the only one holding its ground and at this point, it even feels like Bitcoin can’t influence Ethereum price, rather than the other way around.
