Ethereum’s relationship with the S&P 500 hints ETH to hit $10,000
Ethereum (ETH) has established a relationship with the S&P 500 index, a correlation that points to a record-high price target for the second-ranked cryptocurrency by market capitalization. In this case, Ethereum might be poised for a record high of $10,000 in a manner that replicates the recent rally by the index, cryptocurrency trading expert Ali Martinez observed in an X post on November 5. S&P 500 and Ethereum correlation chart. Source: TradingView/Ali_charts According to the Analysis , both asset classes have experienced a strong recovery after the 2022 market dip, establishing higher lows and climbing steadily. Picks for you Bitcoin recovers after Mt. Gox-related panic selling on Monday — What’s next? 2 hours ago XRP or St...