Does ETH movements depend on BTC ?

[alimarh]

In my own opinion, I will say somehow yes, because the price increase normally starts with bitcoin, any time bitcoin moons, other altcoins will follow and if bitcoin dips, other altcoins dips too. but if other altcoin dips, or moon, market will still remain the same, that's show the power of bitcoin.  

[Hamstead]

In my own opinion, I will say somehow yes, because the price increase normally starts with bitcoin, any time bitcoin moons, other altcoins will follow and if bitcoin dips, other altcoins dips too. but if other altcoin dips, or moon, market will still remain the same, that's show the power of bitcoin.  

It's that we called price fluctuations. Our market is hard to speculate due to its volatility and it fluctuates everytime. Bitcoin still leading the market race and mostly prices may depending on bitcoin trend. But it sad to see also that some coins can't follow with the uprising trend of bitcoin.

[Question123]

They have little depends to the bitcoin price. If the price of the bitcoin increase you will see some effect to ethereum and they increase too but they have situatuion difference other price increase and the one decrease. Not always are same they have sometimes differencet o earch other.

[hani1929]

actually that happens recently but now i dont think so, because bitcoin is on hype now but eth is still dumping so i therefore conclude eth movements is not depending on BTC. when investors focus only on bitcoin theres a possiblity that eth will dump its because they only buy bitcoin. just like the other altcoin theyre still dumping even bitcoin is pumping. but for sure after this bitcoin bull run  this altcoins in the market will surely follow .

[Kingsingle]

Depending on the time, if the ETH depends on the BTC is no longer ETH, but when the investment community think positive about the market, all of the increase is not ETH and BTC alone, so there is no. What to say here. ETH is ETH and BTC is not the leader of ETH.

[muid03]

btc is king...eth also Will follow btc price November but not always like that..it depend on how eth can fulfill holder expectation...

[cutehoof]

The existence of both Bitcoin and ethereum pairs with usd, AND the BTC/ETH ratio pair, create an incredibly easy arbitrage opportunity. It's because the ratio doesn't automatically change when one or both USD price changes, so sometimes they don't line up. Let's say that the ratio is .1, and a bunch of people buy just eth with usd, driving the usd price up. The actual USD price of eth divided by the USD price of btc changes, but the price on the ratio pairing doesn't change until people trade on it.

What this ends up meaning is that there are always opportunities to profit off of the inefficiency between both USD prices and the ratio. There are a lot of bots set up to do exactly this. So in order for one piece to rise or fall faster than the other, the trading volume on that coin has to be high enough beat the volume of the bots holding the price together.

[iqlimasyadiqa]

You all know that after a huge price fall most of the crypto currencies have now come to their previous support levels. ETH has reached its previous November resistant level ( Now it is a support level ). The Support is at around $400 level and the level is a pretty strong one. But for BTC it needs to go further more down to reach its support level ( previous resistant) usually can be found around $5000. So my question is even ETH has come to its one of a good support level, can it go more down if BTC falls near that $5000 value ?

The price of Etherum will be greatly influenced by the Bitcoin movement. Initially when the price of Bticoin increases, the price of Etherum will decrease, this is a consequence of the capabilities possessed by Bitcoin. Bitcoin is phenomenal and affects the various digital currency markets. If seen then Etherum should be able to gradually increase, usually this will happen in a long time. I remain optimistic about Etherum, Etherum coin has a very high prospect and therefore I am still optimistic about the future of Etherum.

[Leenwar]

If we will compare both btc at eth, eth demand and transactions were higher compared to btc and this somehow gives us a hint that many were using eth than btc.
For us to side in the win-win situation, better to have both since this 2 coins have identical volatility (its rise and fall in the market).

[maarx]

It does, but more or less it depends on ETH’S back round work  as well. Like its projects, marketcap and investment on it. Not only ETH depends on the growth of bitcoin but other  altcoins  as well.  Ether value is growing due to its small contracts and yes the team is focusing on expanding its small projects. Hope to have a growth in value down the line and ETH expected to have its anytime hike this year. Though the  first half has been bit sad, the second half should be yielding profits to the investors.  The value should be growing by now.

[Dimonto]

Both Bitcoin and Ethereum are the main coins that dominate the market trend. There is a connection between the two, but Ethereum will not always follow Bitcoin changes!

[SolomonSollarsNSense]

Although Ethereum is the leader of the altcoin market which covers about sixty percent of the revenues the market is led by a singular coin which is the bitcoin so whatever trend bitcoin follows is affected upon the other coins. So when bitcoin make movement in price it also effects on Ethereum also.

[laredo7mm]

Both Bitcoin and Ethereum are the main coins that dominate the market trend. There is a connection between the two, but Ethereum will not always follow Bitcoin changes!

That is not true. every trend in bitcoin will have an impact on ethereum. prices can follow the trend. because basically that bitcoin itself becomes the market benchmark to be able to see the trend will rise or not it is a little wrong if the influence of bitcoin is not on ethereum

[pageraji]

You all know that after a huge price fall most of the crypto currencies have now come to their previous support levels. ETH has reached its previous November resistant level ( Now it is a support level ). The Support is at around $400 level and the level is a pretty strong one. But for BTC it needs to go further more down to reach its support level ( previous resistant) usually can be found around $5000. So my question is even ETH has come to its one of a good support level, can it go more down if BTC falls near that $5000 value ?

yes it can, and its happen now, all altcoin price and movement is depend on bitcoin price because so many exchange pair with btc,,if a coin only have pair with usdt i assume thats will be stable and not depend on btc price

[satosibtc1000]

Definitely Yes ! The price on the market depends on bitcoin and this applies not only to Ethereum, the price is reflected in all altcoins.

[alexeylom]

Definitely Yes ! The price on the market depends on bitcoin and this applies not only to Ethereum, the price is reflected in all altcoins.

I completely agree. It is worth noting that Bitcoin sets the trend and indicates the direction of the market as a whole, there are very rare cases when coins go against the trend.