Ethereum is rallying, but it’s still not moving independently of Bitcoin.
ETH is holding up better than BTC in price terms, but the correlation tells a different story.
Over the past five years, ETH’s correlation with BTC has averaged above 0.8 and today it’s still right around that level.

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Pi Coin has failed to sustain its recovery over the past few days, leaving investors increasingly skeptical about its near-term outlook.
Despite Bitcoin holding steady above $110,000, Pi Coin’s detach...

Pi Coin Price Nears All-Time Low, And Even Bitcoin Can’t Save It Anymore

This week, BTC saw a surge after hitting the STH-RP level, but it retreated after the release of unemployment and NFP data.
"Is There Any Funding to buy the dips in Bitcoin Right Now? The Lock-In Resistance Above 116K Remains Strong (Mr. Berg's BlockTempo Report #41)" This article was originally published on BlockTempo, the most influential ABMedia outlet.

Is there any money buy the dips in Bitcoin right now? The resistance above 116K remains strong (Mr. Berg's On-Chain Weekly Report #41)

PANews reported on September 7 that the OKX market showed that ETH had just fallen below $4,300 and was currently trading at $4,298.46 per coin, with a daily increase of 0.67%.

ETH fell below $4,300, up 0.67% on the day

Big picture: Bitcoin is only moderately correlated with the Nasdaq, but Ethereum is still strongly tied to Bitcoin.
The one thing ETH has going for it now is strong inflows into its ETFs.
That’s enough to fuel growth and maybe close the gap with BTC, as long as the momentum continues.
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