Currently, the correlation between major cryptocurrencies like Ethereum and traditional markets is evolving. Amid economic uncertainty, crypto assets have shown both decoupling and occasional alignment with equities, especially tech stocks. Factors like Fed policies, inflation data, and risk sentiment drive this dynamic. In 2023-2024, Bitcoin's role as a "risk asset" or "digital gold" remains debated, while Ethereum's correlation with Nasdaq fluctuates. Regulatory developments and institutional adoption further complicate the relationship. Short-term, macro trends may heighten correlations; long-term, crypto's unique fundamentals could reassert divergence. Monitoring liquidity conditions and institutional flows is key to understanding shifting linkages. (140 words)