Ethereum Price Action in relation to Bitcoin

[Rodeo02]

The key thing for me I think is market confidence. Alts only surge when confidence is really high, such as the back end of 2017. If confidence is lower, then people hedge their bets and buy BTC as the safest and least volatile crypto. The long bear market may have ebnded, but it still casts a long shadow in terms of the effect on investor confidence. It may be some time before confidence returns to really high levels and creates an alt surge. But BTC price impacts this, too. As BTC price goes up, confidence grows, and the higher it goes the more the alts look undervalued and more of a bargain. So I think an alt surge is largely confidence-driven, but BTC price is the main thing that impacts this confidence level.

If the price situation depends directly on the level of confidence, then we only need to wait until the level of confidence is very large. I think that in 2 years the situation will definitely change for the better.

two years might be long for others but hell yeah this time is needed to recover such a long bear market that happen .

And that things also happen before ,when the price hits 1000$ ATH it takes more year before they make a new ATH . I heard that when the BTC hits 1k$ before is manipulated by chinese investors thats why its hard to the price to be back.

[AltcoinsBattle]

Things are somewhat looking good for Ethereum. The price is again above the support levels of the Ichimoku cloud (bullish) since June 6, 2019. And the daily chart shows an ascending triangle forming (also bullish). It might better to have ETH rather BTC now.

Yes, the triangle is promising. And the result of your oeuvre on the chart also inspires hope.
But it should be understood that this may be just one of the corrections in the downtrend vs BTC.

[Google+]

indeed ethereum price movements depend on bitcoin price movements, when bitcoin prices rise then ethereum prices will also certainly rise, but sometimes not only from bitcoin but from developments and good news from ethereum can also have an effect on ethereum prices.

[surgical_duude]

The recent Bakkt incident has left the market in the red sea.  But perhaps ETH remained strong, with little volatility as a top altcoin.  ETH 2.0 will be issued and that will create the premise to push the price of ETH up

[ePesoInitiative]

I believe Ethereum price action to be independent of Bitcoin's value.

I strongly don't think so. Bitcoin is the daddy and command 60% dominance, traders will always flock to the coin with the most liquidity. But in a bull market, traders spread out as the markets expand.

But it should be understood that this may be just one of the corrections in the downtrend vs BTC.

Could be. That's why the arrowed line stops around 0.03btc.

[gaston castano]

It looks quite difficult to get into that phase again, now we can see where BTC dominance is already very large in the market, I think ALT season will come when BTC dominance decreases maybe in the range of 50%, so you can estimate if BTC dominance decreases meaning ALT season will appear soon.

[Jating]

It looks quite difficult to get into that phase again, now we can see where BTC dominance is already very large in the market, I think ALT season will come when BTC dominance decreases maybe in the range of 50%, so you can estimate if BTC dominance decreases meaning ALT season will appear soon.

< 50% would be a good indication that alt is slowly getting back and investors are coming in the market again. But if you look at the dominance today, alt are still suffering and bitcoin is still as strong as ever. There were times that it crosses 70%, as and far as I can remember that's the biggest dominance we have ever since in recent years.

As far as the price of Ethereum goes, the charts look solid and it could be a good indication that at least reaching $200-$300 at the end of the year is possible. So let's see how it goes, I'm seeing green today and hope that it will continue to at least touch base $200 in the next coming weeks or before the end of the month.

[ePesoInitiative]

It looks quite difficult to get into that phase again, now we can see where BTC dominance is already very large in the market, I think ALT season will come when BTC dominance decreases maybe in the range of 50%, so you can estimate if BTC dominance decreases meaning ALT season will appear soon.

50%? By that time, you have already seen several 10x altcoin mewns by then. The key here is determining when the journey from 67% to 50% Bitcoin dominance starts. That is always the goal of trading - predicting/anticipating when a trend reversal happens.

[rodel caling]

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.

That is truly correct mate and that is part of reality we need to accept altcoins are always affected if bitcoin as goes dump in the market cap, sadly if bitcoin are goes up altcoins are too long time to waking up again their value to recovery.  For the ethereum I believe if the bitcoin are goes start to rising into the market I beleive ethereum follow to increase their price, vpbut of course is deoend to the market volumes.

[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.

That is truly correct mate and that is part of reality we need to accept altcoins are always affected if bitcoin as goes dump in the market cap, sadly if bitcoin are goes up altcoins are too long time to waking up again their value to recovery.  For the ethereum I believe if the bitcoin are goes start to rising into the market I beleive ethereum follow to increase their price, vpbut of course is deoend to the market volumes.

It is because Bitcoin is the most popular cryptocurrency. In fact, many people still don't know other cryptocurrencies exist. They first only know there is Bitcoin which is magic internet money to them. Second, they know it is a cryptocurrency. And the awareness stops there. So traders will always flock to the safest coin in bad times.

[batang_bitcoin]

It is because Bitcoin is the most popular cryptocurrency. In fact, many people still don't know other cryptocurrencies exist. They first only know there is Bitcoin which is magic internet money to them. Second, they know it is a cryptocurrency. And the awareness stops there. So traders will always flock to the safest coin in bad times.

I agree with this. It's a fact that when we say cryptocurrency to them, they only know that it's none other than bitcoin. And another thing, if we say blockchain, they'll only think about bitcoin as well.
Wise investors like to get into a safe haven and bitcoin is the proper coin for that.

[Duzter]

It is because Bitcoin is the most popular cryptocurrency. In fact, many people still don't know other cryptocurrencies exist. They first only know there is Bitcoin which is magic internet money to them. Second, they know it is a cryptocurrency. And the awareness stops there. So traders will always flock to the safest coin in bad times.

I agree with this. It's a fact that when we say cryptocurrency to them, they only know that it's none other than bitcoin. And another thing, if we say blockchain, they'll only think about bitcoin as well.
Wise investors like to get into a safe haven and bitcoin is the proper coin for that.

This is much known reality with the cryptocurrency. Bitcoin is the base, as well as the one that has got proven record on growth. Following bitcoin we've got lot many cryptocurrencies, and very few have reached a level competing with bitcoin. Maybe the newcomers doesn't know it. Ethereum is the one to give competence, but now this is down and it can be the right time for buying as the price will pump high along with bitcoin.

[batang_bitcoin]

It is because Bitcoin is the most popular cryptocurrency. In fact, many people still don't know other cryptocurrencies exist. They first only know there is Bitcoin which is magic internet money to them. Second, they know it is a cryptocurrency. And the awareness stops there. So traders will always flock to the safest coin in bad times.

I agree with this. It's a fact that when we say cryptocurrency to them, they only know that it's none other than bitcoin. And another thing, if we say blockchain, they'll only think about bitcoin as well.
Wise investors like to get into a safe haven and bitcoin is the proper coin for that.

This is much known reality with the cryptocurrency. Bitcoin is the base, as well as the one that has got proven record on growth. Following bitcoin we've got lot many cryptocurrencies, and very few have reached a level competing with bitcoin. Maybe the newcomers doesn't know it. Ethereum is the one to give competence, but now this is down and it can be the right time for buying as the price will pump high along with bitcoin.

They are newcomers so basically they don't understand the competition and rough market with altcoins. It's okay if they do know bitcoin as the very cryptocurrency that they are investing. It's a good start to them unlike some newbies that were introduced to the market through altcoins that were totally no value. Ethereum is down if you will treat it like as it was always on the top of altcoins or if you're still staying on its all time high price.

[o48o]

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 my favorite pair to follow, i think it's going to be psychologically important. I was predicting more of eth declining in the past before the rally. But i would love to see your take on this as well when ever you are ready.

Anyone on this thread who is more interested in usd pairings of alts: Pay attention, eth vs btc pairing is far more important then eth vs usd.

[Irvinn]

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 my favorite pair to follow, i think it's going to be psychologically important. I was predicting more of eth declining in the past before the rally. But i would love to see your take on this as well when ever you are ready.

Anyone on this thread who is more interested in usd pairings of alts: Pay attention, eth vs btc pairing is far more important then eth vs usd.

I apologize, but for some reason it seemed to me that the best pairs to trade are Bitcoin - USDT and ETH - USDT, because if you take into account the moment that Bitcoin and Ethereum in the future will simultaneously fluctuate in price with the same indicators, then this is the choice for  me is better than BTC - ETH.

[Ucy]

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.

That is truly correct mate and that is part of reality we need to accept altcoins are always affected if bitcoin as goes dump in the market cap, sadly if bitcoin are goes up altcoins are too long time to waking up again their value to recovery.  For the ethereum I believe if the bitcoin are goes start to rising into the market I beleive ethereum follow to increase their price, vpbut of course is deoend to the market volumes.

It is because Bitcoin is the most popular cryptocurrency. In fact, many people still don't know other cryptocurrencies exist.

They first only know there is Bitcoin which is magic internet money to them. Second, they know it is a cryptocurrency. And the awareness stops there. So traders will always flock to the safest coin in bad times.

The bolded part is actually what I used to think while reading/hearing about Bitcoin & using it back then as newbie. When i dived in deeper I discovered I was using another cryptocurrency aside Bitcoin and cryptocurrency was much more than that.
So Bitcoin is basically the first cryptocurrency. It will be seen as the only cryptocurrency by non-crypto users who don't know much about cryptocurrency.

[7788bitcoin]

If you are referring ti the bear market turn around, I think we are almost into two years now. For me I believe what will change all these is when most if not all these scam ICOs got delisted from most exchange that is when life will return to Altcoins.

The shit coins in the market are already dead and there is no way that they will recover from the shit storm that hit the market, the top exchanges usually delist coins that are not having any volume and only shady exchanges keeps these shit coins. The bear market in the altcoin market is not showing any sign of moving up but the top coins in the market usually rises when the bitcoin market rallies.

[o48o]

This is my favorite pair to follow, i think it's going to be psychologically important. I was predicting more of eth declining in the past before the rally. But i would love to see your take on this as well when ever you are ready.

Anyone on this thread who is more interested in usd pairings of alts: Pay attention, eth vs btc pairing is far more important then eth vs usd.

I apologize, but for some reason it seemed to me that the best pairs to trade are Bitcoin - USDT and ETH - USDT, because if you take into account the moment that Bitcoin and Ethereum in the future will simultaneously fluctuate in price with the same indicators, then this is the choice for  me is better than BTC - ETH.

Just because eth-usd is reacting to btc-usd price doesn't mean at all that their marketcap would both rise at the same speed. Being "up in usd" used to be a joke between traders who had sold their btc for alts for smaller gains then that they would have made for just hodling btc.

But just to be sure, can you point me to the indicators you were looking at?

[Bitcoin Seller]

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 believe Ethereum price action to be independent of Bitcoin's value. While it is true that most other altcoins follow the trend, Ethereum is a beast (sometimes) of it's own. We've seen this previously when ETH value soard to $1400 and we will probably see it again when the promised glories of ETH 2.0 and proof-of-stake becomes realized. The problem now really is a matter of time, when will ETH devs delivery on their promises?

Experts agree that the price of Bitcoin has a direct impact on the value of other altcoins and Ethereum is one of them. To verify this, just look at two graphs of the exchange rate - for Bitcoin and Ethereum. The most significant is 2017 when there was a sharp increase in the price of many virtual coins. So, a significant increase in Bitcoin has been observed since the middle of summer, and the price peak peaked in December 2017, when the price reached the mark of 20 thousand dollars.

[uray]

ethereum is now the best defense coin when the price of bitcoin has declined, ethereum still has good potential. but in the future I am sure this will end and ethereum will be able to connect well with the price of bitcoin

It would be great if you could explain about the potential of ETH and if you think that the price of ETH will challenge the price of bitcoin, then you are dreaming. There was a time in the past when some people thought that ETH will over take the price of bitcoin when ETH started its rally and it was really close when all the token projects started appearing in the market, now there is no way ETH is catching up with bitcoin.