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The ratio of "Ethereum" to "Bitcoin" google search trends is a great indicator of price
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I pulled the search history of both "Ethereum" and "Bitcoin" through google trends for all of Feb and the first 2 days of March. I then created a ratio between these two and called it "eth to btc interest". This is simply the score for Ethereum divided by the score for Bitcoin (17% today).
I then ran correlations between this number over the past 31 days and Ether's price, and they are 80% correlated. Here it is graphed: http://i.imgur.com/9x6NPbF.png?1
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- 8 years ago
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