What does $ETH Betas mean?

$ETH Betas, in a simple financial sense, refer to the measure of how much the value of Ethereum (ETH), a popular cryptocurrency, moves in relation to the overall market or a specific benchmark, like the cryptocurrency market or a stock index. If the beta is 1, ETH's price moves exactly in line with the benchmark. If the beta is greater than 1, ETH is more volatile than the benchmark, meaning its price goes up or down more sharply. Conversely, a beta less than 1 indicates that ETH is less volatile and its price changes less dramatically than the benchmark. This helps investors understand and predict ETH's price behavior relative to the market.