Is the price of ethereum dependent on bitcoin?

[handini]

For a lot of people bitcoin is an embodiment of cryptocurrency so whenever btc price changes it pulls almost everything else after it. I believe with time bitcoin's share of the market will get a bit smaller which will give alts a bit more independence.

in my opinion, it could be said that maybe the highest value currency could be a guide and the possibility could happen without anyone predicting in the future what it would be like to use the possibility to get a profit with any coin

in my opinion, bitcoin also affects ethereum prices, and not only ethereum is still disrupted if the price of bitcoin falls. so the price of the ethreum will also be damaged.

[Isay_Gonzales]

I believe that all coins depend on Bitcoin. And especially ethereum, because it is the second after Bitcoin and seeks to be like it. I am sure that when Bitcoin grows, all the coins will be pulled.

[muddy waters]

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

That seems to be true because if you compare the charts of btc and alts you'll see that they are mostly identical.
The only exception is the latest drop of Eth price from $700 to $220, which is related to the fact that many ICOs decided to cash out and sold large volumes of Eth.

[tangbori]

In my own opinion, I think bitcoin is like an embodiment of all other coins in market, once their is a price drop in bitcoin then all coins will also drop in price and if the price of bitcoin rises then all others coins will follow suit. Therefore ethereum is not an exemption in this case.

[afroman1131]

All together, I would say it is true, but on the other hand, we have seen what happened in the last months, Bitcoin price was stagnating, while Ethereum lost a lof of it's value.

[Teal Deer]

I don't think it's true, as the times already noted the reverse trend. That is, when BTC grew, and ETH, on the contrary, fell in price. Why did this happen I do not know and can not give you an exact explanation. But still one thing is clear that the price of the coins does not depend on each other.

[Rkss4]

Yes I think the price of Ethereum depends upon the price of bitcoin... Because all altcoins directly or indirectly depends on bitcoin. If bitcoin price will fall down then Ethereum, altcoins also falls down.

[Gab20]

That the rise or fall of bitcoins sometimes affect the price of ethereum, does not mean that the price of ethereum is totally dependent on the the price of bitcoin.
Many times, u have noticed bitcoin rise with a reversal on the price of eth. The opposite also happens sometimes.
Whoever has been in the crypto space for quite some times now, would know that, so that he/she does not make a wrong decision by it.

[conanmori]

Not a vice versa Bitcoin can make altcoins rise but ETH can't make BTC rise. But Ethereum can do affect the price of other Altcoin specially ICO tokens just like how BTC pull ETH. This is what really happening right now while BTC drop to it's highest price most alts drop too -80% of its peak and still falling specially those new ICO that been new to exchange.

[Dmitry_K]

I think that all major currencies go in one direction. They are all related to each other.
if we talk about investments, then it seems to me better to have both bitcoin and ETH in your investment portfolio.

[veter2601]

The prices of crypto coins depends on many factors . Matters team of this coin , the news around this coin , how promising its future. Such as the eth blockchain , which have adopted many projects ico . But by and large the trend in cryptocurrency market sets btc and other coins go after him.

[dagelan]

I think they have their own fundamentals and different products, I see that ethereum prices have been 0.1 per btc and now only around 0.03 per btc, indeed the price is down, and it is affected by the unstable price movement of btc

[Leard]

ethereum, like any altcoin, is tied to bitcoin pulses. if bitcoin falls - everything falls, including ethereum, and with a sharp rise in bitcoin, all coins fall in most cases

[Irina_ortman]

Personally, I think Bitcoin has a big effect on altcoin prices. This is quite logical, and I am not surprised

[Simu111]

Anyways, it isn't always clean whether this is so in fact. in the end, all coins besides BTC do not lend themselves to any Analytics at all. that's why we should await this issue to be settled and we will additionally be able to always reveal the boom or fall of the coin, for the right time.

[white_star]

Anyways, it isn't always clean whether this is so in fact. in the end, all coins besides BTC do not lend themselves to any Analytics at all. that's why we should await this issue to be settled and we will additionally be able to always reveal the boom or fall of the coin, for the right time.

In some point, I think all coins depended on market of bitcoin because this is one who leads in terms of high prices .But in the speculation of others it seems that they are different which not depended or lend because all coins is in race towards the future as a replacement for fiat. Everything has a good potential and different platform.

[childish]

Anyways, it isn't always clean whether this is so in fact. in the end, all coins besides BTC do not lend themselves to any Analytics at all. that's why we should await this issue to be settled and we will additionally be able to always reveal the boom or fall of the coin, for the right time.

In some point, I think all coins depended on market of bitcoin because this is one who leads in terms of high prices .But in the speculation of others it seems that they are different which not depended or lend because all coins is in race towards the future as a replacement for fiat. Everything has a good potential and different platform.

increase in price that occurs at the Ethereum does not depend on the development of present on other coins. Instead it relies on its own development which brings progress on system improvement so expensive again in the future. so it would be nice with the presence of more support.

[haidangtp]

With the current situation, the ETH price has been removed from the BTC price. ETH has discounted much compared to BTC. However, in the future it is not possible to know in advance.

[shooleh]

Yes if seen from Ethereum developments, we can see that the Ethereum as has relationships associated with Bitcoin. But we know that the Ethereum will move as many investors invest. But it also affects the growth of Bitcoin, Altcoin. And for the moment the condition down and Bitcoin also decreased. But we still believe that the condition of the coins will soon rise.

[ninokh]

I think it's true because I always monitor  up and down eth dependent bitcoin. bitcoin is the leader of altcoins. when bitcoin rises, almost all altcoins also rise. but there are also some coins that are not affected by bitcoin.
bitcoin is the benchmark for altcoin because bitcoin is the first and most popular in cryptocurrency so it is natural that ethereum follows bitcoin.