Why can't the current Ethereum price keep up with the Bitcoin price?

[Debonaire217]

Although Ethereum price is not increasing like Bitcoin does and still not overstepping it, Ethereum is still a good investment. In fact, it is recommendable to invest in bot coins because bot of them have high value. Also both of them are the ons competing at the rate. Some might say its not worthy at all today nut Ethereum is still improving and expansing its capabilities to overstep bitcoin.

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[Tomiwa_akin]

It's what usually happen whenever there is a massive uptrend. Bitcoin always pump first to a certain level, it will remain stagnant for a while and then ETH and some others will gain their momentum and rise faster.

[michellee]

We all know that the price of Ethereum will grow when bitcoin is growing, everyone knows what happened in 2017. When bitcoin hit the price of $17k - $18k then the ethereum price was already over $1k - $1.2k, but now when bitcoin price is $17k but the ethereum price is very difficult to break the $500 price, shouldn't ethereum current price should is $1k

Actually what happened to ethereum?

Ethereum is okay right now. Ethereum just needs more time to increase, and now is the time for bitcoin to search for the high price first before the altcoin increases. Ethereum will increase at the right time, and maybe that will after bitcoin reach the next high target price, so you need to be patient. Maybe ethereum will have a chance to get $500 shortly and will increase to $1k soon.

The bitcoin price now seems to want to increase, and it already breaks $18k. It will soon break $18,500 and $19k, but we need to wait for more because the price will not jump to that price in a few hours unless there is a big pump coming at the market.

[KaratX]

It's not the right time for altcoins yet, ethereum is still at this level because of bitcoin, dominance is way up too so altcoins will only revaluate in few percentages, I suggest that this is still the best time to buy altcoins, this is an opportunity that won't last more than few weeks

[meanwords]

If you consider the current market of 2017 and 2020, there's just a huge difference. 2017 was the year of ICO which was under Ethereum so there's no doubt that Ethereum had a really great year alongside Bitcoin. If you look at the current situation, Bitcoin was hype not because of ICO, but because of different factors like Paypal, elections, stocks, etc, that greatly affects the investors to invest in Bitcoin alone.

[prince V]

Just checked Coinmarketcap and found this circulating supply data:
* BTC: 18,548,487 BTC
* ETH: 113,498,999 ETH

I don't think ETH price will catch up with BTC price because of this reason alone. Not to mention other issues like scalability, centralization, and premine.

Yupz I think so, this is the main reason why eth prices cannot follow the current bitcoin price, unlike 3 years ago where the circulation of eth supply is still not as much as now.
This year will not be the same as 2017 for altcoins especially erc2 tokens, because indeed the current situation in the crypto world is not the same as what happened in 2017.

[nelson4lov]

Actually what happened to ethereum?

In my opinion, Ethereum's price has been heavily hampered by its scalability issues which has plagued the network since the start of the year. On normal terms, Ethereum should be worth somewhere around $200 - $300 but the price growth to ~ $450 - $500 price levels is due to the fact that Ethereum 2.0 launch is imminent. Ethereum has experienced over 350% growth this year since touching the $134 low in the March 2020 crypto flash sales. That said, Ethereum is on par with bitcoin's growth but not much as in 2017.

Don't forget in 2017, Every avid Ethereum fanboy was garnering for the "flippenning" which didn't happen btw. It's different now.

[New_order]

Give it some time more before complaining, its in history that bitcoin always take the first lead in every bull season and altcoins don't follow the bullish movement instantly, within few more weeks altcoins should start surging as well but that depends on bitcoin dominance

[icekohl]

Look at market history so I can say it's a cycle. This time all of the money in the market is transfer to BTC, and ETH is just an altcoin, so it's inevitable that cash flow from itself is being transferred to BTC as well, make it can't going up with BTC.

[TastyChillySauce00]

It's what usually happen whenever there is a massive uptrend. Bitcoin always pump first to a certain level, it will remain stagnant for a while and then ETH and some others will gain their momentum and rise faster.

The bitcoin pump will always dominate the crypto market. The major altcoins can only follow this. I don't agree with it. Ethereum and other altcoins must be pumped based on the news that can affect it fundamentally.
I have been facing so many situations when bitcoin was so stable but at the same time altcoin was getting dumped.
The pump in altcoin definitely depends on the hype. No hype no pump.
It's caused by altcoin was a speculative asset

[joseyphil82]

We all know that the price of Ethereum will grow when bitcoin is growing, everyone knows what happened in 2017. When bitcoin hit the price of $17k - $18k then the ethereum price was already over $1k - $1.2k, but now when bitcoin price is $17k but the ethereum price is very difficult to break the $500 price, shouldn't ethereum current price should is $1k

Actually what happened to ethereum?

Are you sure you are here that last time when Ethereum entered 1500$ per one? I doubt that because we all know that not until January 2018 most altcoins still failed to surge, if btc dominance don't go down whales won't pull their money out of Bitcoin into altcoins, whales have a big part to take for altcoins to be profitable like  they did in 2017 to early 2018

[Kopetunto]

Look at market history so I can say it's a cycle. This time all of the money in the market is transfer to BTC, and ETH is just an altcoin, so it's inevitable that cash flow from itself is being transferred to BTC as well, make it can't going up with BTC.

Ethereum is an Altcoin, and of course Altcoins are greatly affected because Bitcoin prices continue to soar,
he is right, because investors switching to Bitcoin causes the Altcoin price to fall, but right now if you look at the Ethereum price is pretty good it can stay above $ 400 when the bitcoin price goes up, compared to altcoins medium and low cap, all down 100%.

[ethereumhunter]

Give it some time more before complaining, its in history that bitcoin always take the first lead in every bull season and altcoins don't follow the bullish movement instantly, within few more weeks altcoins should start surging as well but that depends on bitcoin dominance

Yes, give it more time will be better while we can buy more ethereum for the coming of the bull run for ethereum. It will not too long after the bitcoin price can stay at the next higher price, and it could happen in the next month. The altcoin season will come soon, and we better prepare ourselves by having more amount that we can sell at a high price.

[icalical]

The situation is different, back in the day when the first time Bitcoin skyrocketing to the moon, people just jump on the bandwagon buying any crypto they can find. But now after the bubble pop-out,  investors should be more careful not to repeat the same question. In my opinion, the altcoin will follow this Bull when the Investor can make sure its not just another Bubble.

[Doranile432]

Ethereum can't keep up with bitcoin because that's not how altcoins gain from Bitcoin bullish movement, it's never instant movement as it takes time for altcoins to start surging, right now it's bitcoin time to shine not altcoins

[Herbert2020]

it is simply because bitcoin is a well known currency with a lot of actual real world use cases, it is decentralized, secure and fast to use too. it is also immutable which is one of the most important factors in the blockchain technology. on top of that bitcoin has a limited and small supply.

while ethereum is a shitcoin that is centralized, slow, expensive and mutable. meanwhile ETH has unlimited and a gigantic supply that will never let its price go up. not to mention that ETH is practically useless. the only time you see it used is when someone wants to create a scam ICO token.

[Reid]

Forget about 2017.

2020 is different.
Division of investment. DeFi could be the culprit and then stablecoins.
When Bitcoin was being pumped on that year people are buying Ethereum first then exchanged for Bitcoin.
That's still "demand" even though it just became a bridge.

[Gayong88]

2017 was a golden peak for Eth too. ETH increases are not as aggressive as BTC today. market sentiment is also very influential plus the ongoing development of Ethereum 2.0 where scalability and gas fees are still minor obstacles. I have the belief that ETH also has a chance to go up even better in 2021. All have a process in my opinion.

[kidbounty]

Forget about 2017.

2020 is different.
Division of investment. DeFi could be the culprit and then stablecoins.
When Bitcoin was being pumped on that year people are buying Ethereum first then exchanged for Bitcoin.
That's still "demand" even though it just became a bridge.

this is one of the reasons. in 2017 people only paid attention to bitcoin and ethereum. different when compared to today. Defi, stablecoins, and even ethereum's competing platforms also have an important role to play. so forget about 2017 because the current situation is very different.

[Question123]

We need to know that not all the happens to the bitcoin right now will happen to the ethereum too, yes in the year 2017 they have same movement they increased very high on that year.

This time they are also same in movement they increasing but not like what happen to the 2017 but it doesn't mean that you will not see again the value of $1000 per ethereum because we still have have 1 month before end of the year even will not see this value we still have more time next year for the ethereum to improve the price again so do not be worry .