Is the price of ethereum dependent on bitcoin?

[Arcanefist]

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

It was so, when ETH was young, but when ETH started to grow rapidly, connection was lost and now I cannot see any connection between them.

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[SunJAB]

As far as I'm concerned, ETH is now independent, and prices are heading down but BTC is still standing at $ 6400. So I think that over time, we will see the current market in a different direction.

[Thefrolly]

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

This is true, and it is because ethereum has trading pairs with bitcoin so anything that happens with bitcoin is bound to happen with ethereum. Most of the time the coin is following the price of bitcoin but there are a few exceptions where it does seem like ethereum breaks a little bit from bitcoin and goes its own way, which is what happened a couple of months ago when the price of ethereum went down

[Tiana1]

The price of all altcoins not just ethereum depends on bitcoin price. Any little change in bitcoin price, you will also see a direct proportional change in ethereum. Bitcoin price went down just days ago and immediately ethereum price fell also.

[Liklopor]

if you look at the market, you will see how the price of ETH follows the price of bitcoin, which indicates a large impact of bitcoin on the price of ETH.

[Belianez]

Of course , any other altcoin depends on bitcoin, as if you look at the bitcoin and Ethereum chart, they are almost identical

[riska hanissa]

I think it's wrong if someone thinks that ETH prices depend on BTC, indeed for some people think that way, but the reality is that when looking at price movements there is absolutely no connection between ETH and BTC.
the fluctuating nature of ETH with BTC might be aligned, but no one followed and followed each other.

[mihtju]

As far as we can see after Bitcoin fell a couple of days ago, Ethereum also fell. If Bitcoin is to this is slightly increased, the Ethereum also increased. I think the conclusion is obvious.

[sniper2018]

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

Not all the time the price of ethereum depends on bitcoin but most of the cases it is I think. Also, bitcoin is the main cryptocurrency with a biggest volume in the market and more recognizable by numerous investors and people.

[Considered]

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

I think that it is, I mean if you look at all of the coins in the market, they are all dependent on the price of bitcoin so I guess ethereum is no exception from it. It does seem like the only time that ethereum seems not to be following the price of bitcoin is when the coin is going on a downtrend on its own but ever since that it has been following the price of bitcoin

[sergey1301]

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.

[qomariah95]

It seems right and seems wrong too. I am personally confused. If Bitcoin experiences an increase surely ethereum also experiences the same thing. Not only ethereum, the other Altcoin are the same. It seems like that, that when the price of bitcoin rises or falls surely the price of ethereum must experience a rise or fall as well.

[restumaulana]

in fact the price of all altcoin is affected by bitcoin price movements, ethereum will run hardfor in january later, but the price movement of btc holds it to keep rising

[SportbetMaster]

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

it's not just the price of ETH that's dependent on BTC but pretty much all the virtual money, if btc bearish is all altcoin that follow, the only difference is the percentage and volume.

[felicita]

Yes all altcoins depents hardly on the Bitcoin-
Whe btc prize is going up all alt coins also going up. But sometimes some altcoins making huge percents as Bitcoin Cash done few days ago.
So sometimes its easier to make money with an altcoin.


regards

[arditiyan]

I don't see the ethereum price depending on the price of bitcoin, but the altcoin price cannot rise significantly if the bitcoin price movement is not stable

[AwoCorporation]

I don't see the ethereum price depending on the price of bitcoin, but the altcoin price cannot rise significantly if the bitcoin price movement is not stable

actual dependency altcoin priced bitcoin doesn't seem so obvious. the ability of the bitcoin in moving markets make that affects the price bitcoin as if altcoin.  When moving, the market certainly bitcoin also participated in motion, somehow this can all happen perhaps also because the strength of the bitcoin is very strong. and it's impact on the altcoin market which also joined the move.

[QueenCryptomarket]

I think it is true to say that not only the price of Ethereum depends on bitcoin but the whole market depends on bitcoin. It is not difficult to notice if you go to the coinmarketcap and see the dynamics of the price for the entire existence of bitcoin and altcoins.

[martina14]

I think it is a YES on this one. Ethereum has its own value with ETH/BTC and ETH/USD
But still the value of ETH depends on the market which BTC is more on it.
We can see the ETH USD price fall if the BTC price fell.

[paulk11087]

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.