Shiba Inu Separates From Ethereum: A Rare decoupling in Crypto Market

Shiba Inu’s price has recently diverged from that of Ethereum, the cryptocurrency’s second-largest market cap, indicating a possible decoupling trend. This unexpected shift is reflected in on-chain data with SHIB and ETH showing a negative correlation coefficient of -0.03 over the past 30 days. According to IntoTheBlock, this signals that Shiba Inu and Ethereum prices moved in opposite directions during that period.