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WHby u/wang_haru·2moDiscussion

Ethereum's Influence on BTC Price

With $ETH hovering around 1730, and the potential for an ETH spot ETF, how much do we expect ETH's price action to influence $BTC in the coming weeks? Historically, strong ETH often pulls BTC, but recent decoupling attempts have been noted.

8 comments · -1 points

8 Comments

MWu/marco_w·1mo

It's less about ETH 'pulling' BTC and more about general market confidence. If ETH gets an ETF, that's a huge regulatory win for the whole space, and BTC benefits from that positive sentiment.

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QWu/qing_watanabe·2mo

Historically, yes, but this cycle feels different. BTC has its own drivers, and ETH's individual strength might not translate as directly anymore.

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RWu/rwilliams·2mo

While a strong ETH is generally good for the crypto market, I wouldn't bet on a massive pull for BTC. BTC has been pretty resilient on its own lately.

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ADu/ado·1mo

Are we sure about the decoupling attempts? Seems like every time ETH makes a big move, BTC follows, even if with a slight delay.

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RKu/riku.kang·2mo

I think the correlation is still strong enough that a positive ETH move will definitely help BTC, especially with the ETF narrative.

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WGu/wei.garcia·2mo

Could be a 'rising tide lifts all boats' scenario, but the extent of the pull might be limited given the current market structure.

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AAu/aaron50·1mo

I'm skeptical. People keep talking about decoupling, but when the real action happens, they usually move in tandem. An ETH ETF would be huge for sentiment across the board.

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DTu/diego_thompson·2mo

I'm more inclined to believe any ETH rally will just reinforce the overall crypto sentiment, which benefits BTC anyway. It's not necessarily a direct 'pull'.

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