Is the price of ethereum dependent on bitcoin?

[magnat7691]

Not only the price of an Ethereum depends on Bitcoin, but most of the other coins. They even have similar graphics.

[criket]

I don't think I have any coins. Whatever it is, we haven't experienced that yet. Even when Btc and eth prices were very close to each other, a little movement of btc was enough to break the eth.

yes we know for ourselves, the strength that btc has. with the market and a large community btc can make the market move with the situation. ethereum is only a small number and other altcoins that will only follow the movement from btc.

[oho]

My opinion on this issue: every altcoin depends on the cost of bitcoin — basically the way to buy altcoins lies through the purchase of bitcoin, so they are interrelated, you can see this when comparing bitcoin charts and any altcoin! I think this will continue for a very long time!

[Ambers]

Earlier - about a year ago and even earlier - Bitcoin and ethereum were antagonists. When bitcoin is grew in price - ethereum fell in price, but now everything has changed and bitcoin and ethereum act together. For me it is very strange but it is.

[bitcon]

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?

I think that depends. If we recall the end of 2017, we can see that Ethereum has risen in price, following bitcoin.

It depends on Bitcoin a lot. When the main cryptocurrency is starting to rise, Ethereum is also gaining, and vice versa. However, if BTC can add 10% (for instance), ETH can grow on 15% and even more.