ETHBTC is up 40% this month. The chart is totally chaotic. ETHUSD (sometimes) goes up after Bitcoin does because people hear about ETH after they hear about bitcoin - most price movements in either pair are due to new money. The prices of all cryptocurrencies also respond together to any regulatory threat.
The weak correlation between ETHUSD and BTCUSD has many obvious explanations.
Most things crypto are suspicious. I don't think there is anything suspicious about the ETHBTC chart.
The weak correlation between ETHUSD and BTCUSD has many obvious explanations.
Most things crypto are suspicious. I don't think there is anything suspicious about the ETHBTC chart.
Edit - This may be informative:
https://en.wikipedia.org/wiki/Beta_(finance)