Strengthening Ether-Nasdaq Correlation Muddles Post-Merge Bullish Plays: Cumberland

Strengthening Ether-Nasdaq Correlation Muddles Post-Merge Bullish Plays: Cumberland


The 30-day correlation between ether and Nasdaq, Wall Street’s tech-heavy index, has strengthened from 0.58 to a four-month high of 0.765, according to data tracked by trading giant Cumberland. The correlation value of 0.7 and higher implies a significant positive relationship between the two.

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