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Definitely a possibility, this post was a vast over-simplification and I honestly haven't put too much effort forth as far as quantifying and analyzing the relationship between the two. It will be interesting to see what happens! I have access to a Bloomberg terminal (which would be a great tool to study the correlation between Ether & BTC) however, I'm not sure if Bloomberg has Ethereum data yet :/

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STEEM 0.06
TRX 0.28
JST 0.048
BTC 66532.43
ETH 1960.55
USDT 1.00
SBD 0.50