Ethereum and bitcoin with similar charts? what do you think?

[Milansilver7]

Ethereum more than any other coins follows bitcoin prices the most, every single shift in bitcoin price happens to ethereum and I have noticed that as soon as bitcoin prices go up then the price of ethereum starts going up too.

That is true, it seems that Etherum is the coin that follows Bitcoin very closely although they are not connected fully in technological sense but maybe because it's the second most valuable coin and similar factors influence the price. It looks like these two coins are always competing although I don't think Ethereum has the chance to take Bitcoin place.

I agree with your opinion. It's hard for Ethereum to take a bitcoin spot. these two coins are connected and follow each other, as they lead the market and have a big influence on the krypto and ICO currencies

[1715092016]

1715092016

[Idrisu]

It is a normal things in the illiquid assets! Bitcoin and ethereum are in the same direction of the business groups and the need to move in the same ways. When I was in forex I find out that EUR and GBP move in the same directions of Against  USD. Therefore Bitcoin and ethereum or other cryptocurrencies moving against USD in  the same direction is normal to me.

[kryptqnick]

Ethereum and bitcoin with similar charts? what do you think?
its going up and down at same time
maybe that 2 coins go to explote

share here your idea

That is not true. Bitcoin dominance is pretty strong and when people see something is going on with it, they kind of also extrapolate it on other coins. So, when bitcoin goes down, eth also starts doing them and vice versa. However, it is true only for the last couple of months and maybe some time long ago. There were situations when their charts were totally different. Take a look at January 2018. While for bitcoin is was clearly a month a it slowly going down, ethereum has it top price, the fell a bit and then went up again.

[Yuuto]

Ethereum and bitcoin with similar charts? what do you think?
its going up and down at same time
maybe that 2 coins go to explote

share here your idea

The entire altcoin sector is still led by bitcoin's overall price movements.

ETH being the head of the altcoin market, it's no surprise that its fiat price movements closely correspond with what bitcoin's value fluctuates at. When bitcoin has a bull market, ETH usually has one as well, and vice versa.

There is a clear correlation between the pair that has been confirmed ages ago, just as with any other altcoin and bitcoin, they have a positive correlation.

[Jerrycryptofield]

Ethereum and bitcoin both are my favorite, and both are going good. And there is a huge chance that both are gonna explode. but i am little bit biased towards bitcoin.

[ballerin and giroud]

I just think someone who has an investment in bitcoin then automatically they will have an investment in ethereum as well. Bitcoin and ethereum in the cryptocurrency is vital, ethereum and bitcoin are the most important of cryptocurrency. So when the bitcoin price falls then the ethereum will fall as well and when bitcoin rises significantly then ethereum will rise significantly too. True what you say, bitcoin and ethereum will be high in the future in the same way.

[Red-Apple]

Ethereum and bitcoin with similar charts? what do you think?
its going up and down at same time
maybe that 2 coins go to explote

share here your idea

this would have been true only if the charts looked similar on more than a handful of occasions and most importantly in long term. but they look very different when it matters most.
ETH like many other altcoins gets dumped whenever bitcoin price is dropping so that part of the chart is shared between it and 1000+ altcoins, you can't make a conclusion like this.
and the rising part is not at all similar. you may find situations where recoveries are happening these days at the same time but overall there is no similarity.

[Aragorn_125]

I would not say that these coins are like that. The whole market of crypto coins is falling to the same or the same extent and growing. This is a normal cycle of the economy. Ethereum and bitcoin are just the most popular currencies!

[blumkinnn]

I would not say that these coins are like that. The whole market of crypto coins is falling to the same or the same extent and growing. This is a normal cycle of the economy. Ethereum and bitcoin are just the most popular currencies!

With the popularity of these coins, no one argues. I do not think that now is the best time to invest in Bitcoin or the Etherium.

[devollito]

I think when the chart of bitcoin and ethereum looked similiar its mean the money going out from cryptocurrencies to fiat but i am pretty sure its just for a moment. Those money will coming back to crypto market again. Most people who already got profit from crypto  is believer and holder from long time ago. They dump it to get more coin.

[crypto1nvest]

If you look closer to market you can find almost perfect correlation in bitcoin price with another top 10 cryptocurrencies. Everything depends on bitcoin now

[coin163]

Ethereum and Bitcoin likely the king and the queen it usually up and down together with similar chart YES
Ethereum value usually about 7-10% of bitcoin value.
and they are the couple that the most people putting their TRUST into