Ethereum Unlikely to Rally Without Bitcoin
I would have said the same: if Bitcoin doesn't move, Ethereum probably won't either. Short-term price action for ETH remains tightly correlated with BTC.
I'm cautious about expecting an independent ETH rally while Bitcoin is weak; network fundamentals help long-term, but market leadership drives near-term moves.
So I wouldn't rely on ETH outperforming until Bitcoin shows clear strength first.
Analysis
ETH has historically tracked BTC in major moves; without a clear BTC breakout, risk of limited upside or continued range-bound action for ETH is higher despite its own fundamentals.
Recommendation
Monitor Bitcoin's trend and avoid initiating large ETH positions until BTC confirms strength; treat ETH as correlated exposure for now.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.