Garrett Jin, a prominent figure in the crypto community, has indicated that Ethereum (ETH) may experience a price rebound due to its strong correlation with the Nasdaq 100. Jin highlighted that the recent decline in U.S. AI stocks, triggered by analyst comments on Broadcom's CEO, might have been an overreaction.
He observed that the AI sector, including companies like Oracle, has started to recover, suggesting that market panic is subsiding. Given the Nasdaq 100's recovery from its recent downturn, Jin suggests that Ethereum's price could similarly recover, reflecting its historical correlation with the tech-heavy index.
Garrett Jin Predicts ETH Rebound Amid Strong Nasdaq 100 Correlation
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