Ethereum (ETH) price has shown a significant correlation with Bitcoin (BTC) price, tracing almost similar price actions with momentum indicators also
When it comes to whales, ETH boasts 5,370 addresses holding between 1,000 to 10,000 ETH. BTC, on the other hand, only has 1,920 addresses with between 1,000 and 10,000 Bitcoin.The number of humpbacks is also very high: 106,000 Ethereum holders own between 10K-100K, compared to Bitcoin’s 103,670 holders.ETH Addresses by holdingsThe percentage of Bitcoin and Ethereum holdings in USD also paints a similar picture in favor of ETH.
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