Bitwise Found What’s Really Driving Ethereum Price, And It’s Not Fundamentals
Ethereum’s price has spent much of the past cycle lagging its own institutional and on-chain progress, and Bitwise says the reason is straightforward: ETH is still trading primarily as a Bitcoin proxy, not as a fundamentally valued network. In a new factor-model analysis, the asset manager found BTC has been the dominant force behind weekly… Continue reading Bitwise Found What’s Really Driving Ethereum Price, And It’s Not Fundamentals