Ethereum Price Action in relation to Bitcoin

[ePesoInitiative]

So ETHBTC crashed.




I guess it is not yet altcoin season. Although Ethereum in USD gained twenty dollars. I think it is still Bitcoin's game where we will be seeing more Bitcoin-focused trading for several weeks more.

[1714782579]

1714782579

[TelolettOm]

The movements of all altcoins are affected by bitcoin movements ethereum is no exception. As long as the bitcoin price is still going up and down it will be difficult for ethereum, because ethereum has tried to increase its price a few times always fail. This makes it clear that the movement of ethereum still depends on bitcoin, many who are waiting for ethereum can head ATH later this year. But I am not sure that the end of the year will be reached, because the current ethereum price is still on the market very low. But we must not be pessimistic in this matter, it doesn't matter if this year's target sell has not been achieved. There are still 2020 where there are many events for cryptocurrency that could possibly drive ethereum prices.

predictions for the development of crypto or altcoin currencies cannot be ascertained and currently bitcoin is the highest price guideline than any other coin. every investor's confidence and patience is the capital needed in investing with ETH for now that is experiencing a decline in value and my price remains patient in the future it will definitely develop even more rapidly

Actually BTCitcoin is still able to predict its price because there are indicators in the market that we can analyze. all altcoin can be predicted but valid or certainty sometimes it is indeed not appropriate. factors such as news making sometimes have quite a big effect. like yesterday when the bitcoin price shock due to the news made the indicator unable to make such predictions

[sirminesalot]

yes indeed all cryptocurrency prices at the exchange will follow bitcoin price movements so ethereum prices can still have the potential to get price increases from the influence of bitcoin price movements.

the development of crypto or altcoin currency no one can know with certainty indeed until now bitcoin is still a guideline of all crypto or even altcoin but technically the development of altcoin is not affected by bitcoin because in my opinion the development of crypto currencies depends on the investors themselves

[ePesoInitiative]

Yes, yes...it has been said many times over in so many different ways. I applaud how the posts above can describe one idea with different word arrangements. Ethereum, along with the rest of the altcoin space will wait until Bitcoin makes a move.

[19Nov16]

Bitcoin dominance is too strong and has now reached more than 65% of all crypto transactions, of course this is a bad thing because more than 4000 coins and tokens including ethereum which is the second strongest coin is very dependent on bitcoin price movements.

[DigeNarrator]

Well, its a game of patience..
every few months you can make some BTC profit if you hold ETH
also you can wait for few years and make a huge one time profit
best idea is for example if you have 100 ETH
50 ETH you hold for years for a big pump
and 50 you are selling after x1.5 x2 x3  for smallet profits
then you can expand your ETH holdings/buy other alts/ or just hold BTC

[redsun114]

Studying coinmarketcap every time that bitcoin rises and fall should have even given anyone that is asking this question the answer to their data analysis because we could see at most time that when bitcoin rises, most of those coins that are within 200 tops always increase along with bitcoin, which the level of their increase now depends on the quality of the project, and right now, Ethereum still has the best altcoin projects In the market which is why it is Ethereum that increases the most at all time that bitcoin rises in value.

The time that I am waiting for these coins to act on their own is when altcoin season really starts, that is when investors’ picks specially interest in investing in altcoin which is still going to be under the influence of bitcoin too though.

[iamsange]

Bitcoin dominance is too strong and has now reached more than 65% of all crypto transactions, of course this is a bad thing because more than 4000 coins and tokens including ethereum which is the second strongest coin is very dependent on bitcoin price movements.

Can't resist if bitcoin is central of cryptocurrency. And any reason that people mention, bitcoin price will make affect on altcoin price either it is Ethereum or another altcoin.  If me, i will make action with altcoin depends on bitcoin price. Usually i take bitcoin pumped price to take a rest from trading.

[junkerr]

Bitcoin dominance is too strong and has now reached more than 65% of all crypto transactions, of course this is a bad thing because more than 4000 coins and tokens including ethereum which is the second strongest coin is very dependent on bitcoin price movements.

Can't resist if bitcoin is central of cryptocurrency. And any reason that people mention, bitcoin price will make affect on altcoin price either it is Ethereum or another altcoin.  If me, i will make action with altcoin depends on bitcoin price. Usually i take bitcoin pumped price to take a rest from trading.

the price of bitcoin is affecting the altcoin market. as a whole and that is also common in ethereum. so to make the ethereum pump possible with an update from the platform. but to strengthen the market that has gone up it would be better if the market was also supported by the upward movement of bitcoin. this will make a better increase than just the pump made by the platform from the update because usually, it will not last long then the correction will occur.

[Darooghe]

Bitcoin and Ethereum are actually not that correlated. both have a reputation in the market, and you might expect there to be some correlation between their prices, But there does not seem to be any direct relationship between them as their prices both move independently from each other on any given day.

You probably refer to situations when both coins tend to post positive or negative returns in dollar terms at the same time. It has more to do with the “market sentiment” than any intrinsic correlation. You can also notice this in the stock market. During a green day, most stocks will move higher despite having no direct link to each other. In crypto, the dollar value is mostly meaningful for Bitcoin. For altcoins, always check the Bitcoin value, because Bitcoin price leads the crypto currency market generally.

[bison]

of course, there will be a relationship between ethereum prices and bitcoin prices. although the impact of ethereum on bitcoin is not so great but seeing the impact of bitcoin on ethereum is very influential. when bitcoin goes up, there is a possibility that ethereum and altcoin will also go up. and vice versa if there is a decrease. but we will see how ethereum prices will turn out after making the updates planned next year. as well as bitcoin which is also getting ready. if lucky and accepted by the market with a good response this will be a big pump in the next year.

[gabbie2010]

of course, there will be a relationship between ethereum prices and bitcoin prices. although the impact of ethereum on bitcoin is not so great but seeing the impact of bitcoin on ethereum is very influential. when bitcoin goes up, there is a possibility that ethereum and altcoin will also go up. and vice versa if there is a decrease. but we will see how ethereum prices will turn out after making the updates planned next year. as well as bitcoin which is also getting ready. if lucky and accepted by the market with a good response this will be a big pump in the next year.

I previewed 4 chart of ETH/USD and BTC/USD show both price correlation thus whenever bitcoin pumps so also ethereum thus majority of these altcoin upward movement is tied to bitcoin as you rightly said reference to the ATH of bitcoin 2017 resulted to ethereum and many altcoin bullish runs in that same year however immediately bitcoin dumped eth follow-suit invariably with other altcoins in fact some bcame worthless and dead.

[Pelunize12]

So ETHBTC crashed.




I guess it is not yet altcoin season. Although Ethereum in USD gained twenty dollars. I think it is still Bitcoin's game where we will be seeing more Bitcoin-focused trading for several weeks more.

we are still far from altcoins season, i dont think it would happen in the near future
some people hyped and say altseason is coming but the reality it woulndt come until now
then make people lose much money because of that.

in the last altseason, ethereum lead altseason, if we use that statement, so it is clear that altseason still far because of falling ethereum price

[ePesoInitiative]

Looking at the weekly chart of Ethereum price against Bitcoin price, I think the real reversal will start on February of next year. Because by that time, the price might be above the ichimoku cloud since the price might pass through the thinnest part of the resistance cloud by February 17.

[tonyvo2017]

The current market situation is really bad for the alts and I really don't know what's going on with the altcoins. Although the alts are still operating normally and even bringing in big profits like Binance, ETH, TRX, ... they all suffered a sharp decline in Q3 and Q4. Any reason for this?

[NathanJB]

The current market situation is really bad for the alts and I really don't know what's going on with the altcoins. Although the alts are still operating normally and even bringing in big profits like Binance, ETH, TRX, ... they all suffered a sharp decline in Q3 and Q4. Any reason for this?

The reasons are a mixture of a bullish short-term outlook for Bitcoin due to a certain level of halving anticipation in the year 2020. This was made more bullish because of china's announcement. Another reason would be some factors such as Bakkt growing high in volume. All these are putting altcoins at a disadvantageous position because people were already shifting to Bitcoin. But those HODLers of altcoins should not worry because after Bitcoin's growth, altcoins will follow.

[Wysi]

The current market situation is really bad for the alts and I really don't know what's going on with the altcoins. Although the alts are still operating normally and even bringing in big profits like Binance, ETH, TRX, ... they all suffered a sharp decline in Q3 and Q4. Any reason for this?

The reasons are a mixture of a bullish short-term outlook for Bitcoin due to a certain level of halving anticipation in the year 2020. This was made more bullish because of china's announcement. Another reason would be some factors such as Bakkt growing high in volume. All these are putting altcoins at a disadvantageous position because people were already shifting to Bitcoin. But those HODLers of altcoins should not worry because after Bitcoin's growth, altcoins will follow.

Yes this will not bother long term HODLers but rather those who has invested in altcoin with intention of short term profits. Most of the altcoin users have shifted their funds towards bitcoin  which has somewhat stabilized bitcoin price. But I don't think it's because of China's announcement as we cannot believe them anytime as they will remain against crypto even when they adopt block chain technology,  some of the altcoin markets were intentionally made bearish to reinvest around having time for a greater profit.

[ePesoInitiative]

The current market situation is really bad for the alts and I really don't know what's going on with the altcoins. Although the alts are still operating normally and even bringing in big profits like Binance, ETH, TRX, ... they all suffered a sharp decline in Q3 and Q4. Any reason for this?

Like the above posts say. It is because the markets are thinly traded by a few remaining traders (2017 has the most number of crypto participants). And traders go to where the volume and liquidity is best, which is Bitcoin for now.

But when it is obvious to many that the whole space is recovering, those who left might come back and many new participants will also come.

[ePesoInitiative]

New situation here for Ethereum against Bitcoin. It looks like the price action is forming a larger semi-ascending triangle. Below I mapped out the possible price resistance and support zones. You can long or short the breakouts or breakdowns of this trade setup.

[Cnut237]

I think bitcoin dominance is tied to market confidence. The markets are uncertain at present, and confidence is low. I think it would need a surge in confidence for alts - including ETH - to rally against BTC. It would be good if ETH price was higher, but don't think it will happen right now, we will likely be waiting some time yet.