BTC and ETH moved in the same direction this morning—but are they still aligned tonight?
This morning’s post left us with this question: “Are BTC and ETH still moving in the same direction over the past 24 hours?” At 08:16, the readings were: BTC up 0.18%, ETH up 0.38%.
At 22:39 Beijing time, using the same methodology (Binance spot USDT trading pairs, rolling 24-hour period), the readings were: BTC up 0.62%, ETH up 0.79%. Both are still up, so the condition from this morning still holds. Neither has moved even 1%; the direction is clear, but the momentum is still modest.
Don’t read too much into it: these are readings from two separate rolling windows, not the price changes from this morning until now. Moving in the same direction doesn’t mean one is driving the other, and it says nothing about where prices will go next.
Next time, we’ll check just one thing again: whether BTC and ETH are still moving in the same direction over the past 24 hours.
$BTC $ETH
This morning’s post left us with this question: “Are BTC and ETH still moving in the same direction over the past 24 hours?” At 08:16, the readings were: BTC up 0.18%, ETH up 0.38%.
At 22:39 Beijing time, using the same methodology (Binance spot USDT trading pairs, rolling 24-hour period), the readings were: BTC up 0.62%, ETH up 0.79%. Both are still up, so the condition from this morning still holds. Neither has moved even 1%; the direction is clear, but the momentum is still modest.
Don’t read too much into it: these are readings from two separate rolling windows, not the price changes from this morning until now. Moving in the same direction doesn’t mean one is driving the other, and it says nothing about where prices will go next.
Next time, we’ll check just one thing again: whether BTC and ETH are still moving in the same direction over the past 24 hours.
$BTC $ETH
