The correlation is insane, and it would provide more intel in the fact that $ETH is about to break upwards in a big way.



The business cycle is often phrased through the Copper / Gold chart.

You can see that during the 2017, 2021 cycles we've had a positive correlation between these two charts.

The only case that there wasn't a positive correlation, that was the 2024 cycle.

However, was that actually a cycle? Or are we just waking up to a cycle right now and is #Bitcoin in a super cycle?

That's up for debate.

Regardless, Copper/Gold is a great indicator of market momentum.

It has just broken upwards massively and it has flipped a 4-year long downtrend up to an upwards trend.

Usually, $ETH follows through, although, with some lag as there needs to be more confidence in the markets.

A matter of time until the crypto markets are finally picking up momentum.

$ETH
{spot}(ETHUSDT)
ETH-1.57%
BTC-1.00%
XCU-1.19%
XAU-1.17%
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DigitalSkillsCrypto
· 11h ago
Is this level a short-term bottom phase? Risk assets are strengthening again. Is this a short-term rebound or a trend reversal? Risk assets are strengthening again. Is this a short-term rebound or a trend reversal?
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