A recent correlation analysis of Ethereum (ETH) with 50 other cryptocurrencies reveals that AAVE and LINK exhibit the highest correlation with ETH, both scoring 0.92. DOGE and BTC follow closely with a correlation of 0.91 each. Other notable correlations include AVAX at 0.90 and ADA, NEAR, and BNB each at 0.88.
The analysis also highlights lower correlations with coins like TRX at 0.33 and 1INCH at 0.28, while some assets such as EUR and XUSD show negative correlations of -0.05 and -0.18, respectively. This data, verified in real-time, provides insights into the interconnectedness of the crypto market, particularly how various coins move in relation to Ethereum.
Ethereum Correlation Analysis Highlights Strong Links with AAVE and LINK
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