Garrett Jin: ETH remains highly correlated with the Nasdaq, and the rebound in AI sentiment boosts the recovery of tech assets

PANews reported on December 25 that the suspected "1011 insider whale" Garrett Jin analyzed that last week’s decline in the US stock AI sector was mainly due to the misinterpretation of remarks by the Broadcom CEO and rumors regarding the "China EUV Manhattan Project," lacking fundamental support for the next 6 to 12 months. This week, AI concept stocks have fully rebounded, and the Nasdaq has recovered all its losses, indicating that market sentiment has stabilized. Regression analysis shows that ETH and the Nasdaq 100 still have a high correlation (Beta about 1.11, R² at 0.089), highlighting ETH’s strong linkage as a technology asset in macro trends.