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RE: Why it is/was time to sell or buy Ethereum!

in #ethereum7 years ago

Here is my idea to the ETH prices: I guess there is a correlation between ETHBTC and BTCUSD charts. When BTC skyrockets, the money migrates from other coins back to BTC. And BTCUSD is trending down for while.

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This is a right observation. It is ineviteable that as BTC falls and ETH rises this correlation comes out. But there is much money transferred at accounts like GDAX that money is moved easily from one to the other. More important is that many exchanges let the people choose which main currency (BTC-ETH) they want to use..like Binance

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