Ethereum Price Action in relation to Bitcoin

[ePesoInitiative]

You know the drill. When Bitcoin rallies hard, altcoins dump. When Bitcoin dumps, all the rest dumps too. But when Bitcoin is sideways, altcoins rally and some go their own price action.

Everyone in this subsection of Bitcointalk is waiting for altcoin season to come again. Some have already given up.

I will try to post my observations about the market relationship of Ethereum which is the current lead indicator of altcoin market health to Bitcoin's.

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[Bananington]

ETH has been struggling to maintain its price against all odds, that's a good sign.  Today I added 4 more ETH to my portfolio hoping it gives me some gains in future. Generally altcoins are not really doing well, we just have to keep holding coins we see some development progress in their project and hope for the best. If it was before, when BTC drops, ETH will drop drastically but right now it's amazing to see otherwise.

[TomArayaSlaya]

Ethereum and some other coins are really struggling hard enough to maintain their prices against the BTC if not break a little from it I think is actually going to take sometime before it happen but is like to be less dependent on BTC in the future for now let hope it keeps up the resistance

[Oceat]

This just explains that most altcoins are following the trend of Bitcoin especially the top altcoins. Unlike before where whales would switch from Bitcoin to altcoin and altcoin to Bitcoin but that day was over. They find it hard to manipulate the market in the long run because everyone know the drill.

[sunsilk]

Gonna wait for your observation about the relationship of ethereum and bitcoin.

This just explains that most altcoins are following the trend of Bitcoin especially the top altcoins. Unlike before where whales would switch from Bitcoin to altcoin and altcoin to Bitcoin but that day was over. They find it hard to manipulate the market in the long run because everyone know the drill.

It's been known that alts were just following the move of bitcoin. But bitcoin, it doesn't follow any trend of these alts. Right that everybody is already aware of these things and if someone gets surprised by these action, he might be new to this.

[ethereumhunter]

I am curious for more about your observation about ethereum and bitcoin as I see bitcoin and ethereum are started to increase. Bitcoin trying to break more and now the price reaches $8250 so it could slowly reach $8300 in this day. Ethereum itself follows to increase while the other altcoin was observed following to increase. I wonder this could be a short bull run that happens in October or it's the real bull run that trying to show up and give hope to us.

[Text]

I also see the markets and observe the trend mostly everyday, Bitcoin dumped this past several days but we are now in quarter 4 and many of us are expecting to climb it again and slowly recovers. Common observations are facts, most alt coin prices goes down when bitcoins is in red and negative but when BTC gains, most alt coins doesn't follow and stick on their current prices then after few days, you can see that it continues on dropping...

[NathanJB]

You know the drill. When Bitcoin rallies hard, altcoins dump. When Bitcoin dumps, all the rest dumps too. But when Bitcoin is sideways, altcoins rally and some go their own price action.

Everyone in this subsection of Bitcointalk is waiting for altcoin season to come again. Some have already given up.

I will try to post my observations about the market relationship of Ethereum which is the current lead indicator of altcoin market health to Bitcoin's.

I think there were several instances in the past when a bull run is happening to most of them, Bitcoin and Ethereum, and others altcoins. Although most of the time, when Bitcoin is very bullish, it is normal for altcoin holders to dump their altcoins and shift to Bitcoin.

The charts at this very minute look pretty. After sideways, there is a little rising movement, with Ethereum gaining almost 6%. I hope it will reach a double digit increase before hitting a little correction.

[jmigdlc99]

You know the drill. When Bitcoin rallies hard, altcoins dump. When Bitcoin dumps, all the rest dumps too. But when Bitcoin is sideways, altcoins rally and some go their own price action.

Everyone in this subsection of Bitcointalk is waiting for altcoin season to come again. Some have already given up.

I will try to post my observations about the market relationship of Ethereum which is the current lead indicator of altcoin market health to Bitcoin's.

Hope you keep this thread updated, but also know that the price action doesn't always follow the trends you mentioned. The more important factor to look at will be relevant news and rumors. These affect coin value, be it bitcoin or altcoin, before anything else.

If there are no rumors or news about a coin, thats when it makes more sense to rely on trends.

[cryptic4000]

This just explains that most altcoins are following the trend of Bitcoin especially the top altcoins. Unlike before where whales would switch from Bitcoin to altcoin and altcoin to Bitcoin but that day was over. They find it hard to manipulate the market in the long run because everyone know the drill.

This market is clearly manipulated and investors are the ones who will be hardest hit if they do not have good knowledge in the crypto market. During the past few days, the market has continuously experienced large declines and that made investors psychology become more panic. I think that if there is no way to overcome this, the market will continue to go through difficult times and it will be very difficult for us to make good profits.

[sockpuppet1911]

You know the drill. When Bitcoin rallies hard, altcoins dump. When Bitcoin dumps, all the rest dumps too. But when Bitcoin is sideways, altcoins rally and some go their own price action.

Everyone in this subsection of Bitcointalk is waiting for altcoin season to come again. Some have already given up.

I will try to post my observations about the market relationship of Ethereum which is the current lead indicator of altcoin market health to Bitcoin's.

I see more fear in ETH then in a long time in and it has started to rise in btc, which is a great sign. I think that on the next bullrun there will be once again hindsight people that consider everyone who bought here "lucky" and that this would have been an obvious place to buy. But naturally those people are not buying now.

[AltcoinsBattle]

Well, this short-term growth lasts only less than a month. I would not be in a hurry to hope for the beginning of the growth of Ethereum. Although I agree, this is a great sign.

[adroitful_one]

You know the drill. When Bitcoin rallies hard, altcoins dump. When Bitcoin dumps, all the rest dumps too. But when Bitcoin is sideways, altcoins rally and some go their own price action.

Everyone in this subsection of Bitcointalk is waiting for altcoin season to come again. Some have already given up.

I will try to post my observations about the market relationship of Ethereum which is the current lead indicator of altcoin market health to Bitcoin's.

This is not entirely true. Just having more money in the Bitcoin market cap would make it possible to invest that money into altcoins. When Bitcoin is down, the alts do go up a bit. Just not as much as Bitcoin. The thing is, Bitcoin is worth more USD during that time, so it doesn't look like much of a plus percentage of Bitcoin gains, but they are there. Just go look at almost any chart, the last all time highs for just about everything was during the last big rally.

[tenakha]

You know the drill. When Bitcoin rallies hard, altcoins dump. When Bitcoin dumps, all the rest dumps too. But when Bitcoin is sideways, altcoins rally and some go their own price action.

Everyone in this subsection of Bitcointalk is waiting for altcoin season to come again. Some have already given up.

I will try to post my observations about the market relationship of Ethereum which is the current lead indicator of altcoin market health to Bitcoin's.

We all know that the market depends on BTC but as you said, altcoins did not move even when the BTC increased, sometimes we saw green colors in the last 3-4 months but they were very small increases. Honestly I do not know when altcoins are going to be positive again. However it is clear that this path passes through BTC and so it would make sense to wait for the increase of BTC.

[magneto]

You know the drill. When Bitcoin rallies hard, altcoins dump. When Bitcoin dumps, all the rest dumps too. But when Bitcoin is sideways, altcoins rally and some go their own price action.

Everyone in this subsection of Bitcointalk is waiting for altcoin season to come again. Some have already given up.

I will try to post my observations about the market relationship of Ethereum which is the current lead indicator of altcoin market health to Bitcoin's.

It's definitely not always a given.

During the last bull run, when bitcoin rallied, altcoins rallied even harder. And when bitcoin dumped, altcoins dumped harder. Essentially altcoins were a magnifier of what bitcoin was doing.

But right now, ETH has generally been dumped regardless of whether or not BTC is moving upwards or downwards. That is historically not something that has occurred very often. I do think that the current rally in ETH/BTC will continue, potentially breaching 0.03 BTC. 0.022 BTC is still quite low in terms of historical averages.

[jacafbiz]

For me I think Altcoins have chance to rally now especially after the disappointment performance of Bakkt launch which resulted in price dumped, now there is no strong fundamentals to make me bullish of BTC until the turn of the year when the hype of halving will start and people will start factoring it into the price. Altcoins have chance to rally now, Ethereum will lead the park IMO

[Kelvinid]

For me I think Altcoins have chance to rally now especially after the disappointment performance of Bakkt launch which resulted in price dumped, now there is no strong fundamentals to make me bullish of BTC until the turn of the year when the hype of halving will start and people will start factoring it into the price. Altcoins have chance to rally now, Ethereum will lead the park IMO

That's hypes is missing yet and the market struggling hard by now.
But it has to believe that the market will still have hopes and could survive from this crisis. Not actually we could see an instant transformation but I like to see it recovering slowly. For we can't see the bull run this year but we're too positive to have it again next year when halving start.

[ajaymukund]

I think the market has returned to the normal cycle. Bitcoin will continue to guide the alts again and no more the opposite as you say.
I think that the altcoins season is also coming, the market has had sad red days, now it is time for the market to be pumped back, I predict it will be before Christmas days.

[knuckey]

Altcoin season, sounds very promising and profitable if it comes again, but when will it be repeated again? Can it? indeed Bitcoin is still an indicator that is connected to the movement of Alts and many people still hope that halving will come to trigger Bitcoin rallies hard and bring the Altcoin season.

I'm excited to wait for your observations here.

[bitcoin31]

We want to see again the value of the bitcoin will rised as my observations last night when bitcoin down or up ethereum follow it.
I guess it depends on the situation because they have a time that ethereum down while the bbitcoin will rise while fhe rest of the altcoins is also up or down. They many speculation the price of the altcoins that are base on the movements of the bitcoin which I beliebe it before but now I don't think so.