The report pointed out that it is no longer appropriate to call ETH altcoin.

According to Cointelegraph, cryptocurrency trader SFOX said in its latest market report that the classification of Ethereum as "altcoin" may no longer be accurate, because the correlation between BTC and ETH is currently significantly higher than other The correlation between the altcoin and the 30 days before July 22, the correlation between BTC and ETH is 0.788. On the other hand, the correlation between other altcoins and BTC is: BCH (0.638), LTC (0.577), BSV. (0.619), ETC (0.602).