A ‘spooky’ Ethereum correlation suggests an imminent breakout

A ‘spooky’ Ethereum correlation suggests an imminent breakout - WorldNL Magazine

Ethereum has been highly correlated with small-cap equities, which are very sensitive to interest rates, and analysts say both could move higher with more cuts on the horizon.Analysts at macro investor outlet Milk Road said on Tuesday that there is an “almost spooky” correlation between Ether (ETH) and the Russell 2000 Index, which comprises small-cap equities.Both are highly sensitive to interest rates, and with as many as four consecutive cuts…

Ethereum, Small-Cap Correlation Fuels Bullish Rate Cut View – #CryptoUpdatesGNIT

Ethereum has been highly correlated with small-cap equities, which are very sensitive to interest rates, and analysts say both could move higher with more cuts on the horizon. Analysts at macro investor outlet Milk Road said on Tuesday that there is an “almost spooky” correlation between Ether (ETH) and the Russell 2000 Index, which comprises small-cap equities. Both are highly sensitive to interest rates, and with as many as four consecutive cu…

A ‘spooky’ Ethereum correlation suggests an imminent breakout – MAXBIT

Ethereum is moving in tandem with small-cap stocks, and analysts say both assets could rise together with four potential Fed rate cuts ahead. Ethereum has been highly correlated with small-cap equities, which are very sensitive to interest rates, and analysts say both could move higher with more cuts on the horizon. Analysts at macro investor...

A ‘spooky’ Ethereum correlation suggests an imminent breakout

Ethereum is closely following small-cap stocks, suggesting both could rise as the Fed prepares multiple rate cuts, analysts say.