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

[lionheart78]

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 market is independent from Bitcoin Market so, I think it is wrong to assume that everytime Bitcoin price goes up , ETH should keep up.  Remember they have different community, different developers and different marketing approach.  So, possibly the reason why ETH can't keep up with BTC surge is that, ETH had surged already even before BTC market surge this time.

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[mace15]

Maybe because the Defi hype is not over yet so many people have not focused on ethereum and it makes it a little difficult for ethereum to keep up with bitcoin prices, but keep calm friends because ethereum will continue to grow in 2021

There is the time for ethereum to soar in the market just like what happen before when btc increase eth will also increase. We have to look at the current price at least eth is moving good in the market. Also peopoe focus more on bitcoin than ethereum so we have to observe the market and for sure eth will increase just like before.

[cryptopediabd]

You should know the gas fees about ethereum. Its the biggest culprit against ethereum price mooning. Eth-2.0 coming & hope that it fixed soon as possible. By the way ether price pumping now.

[Fakhrulenclix]

Actually what happened to ethereum?

Its normal, in cryptocurrency, there is nothing that will be the same again. When the 2017 Bitcoin price reaches $17K and many altcoins (Ethereum and other) reach their ATH, doesn't mean when bitcoin price reach $17K again, altcoin and other will reach the same price. There is no such formula like that, it is all about demand and supply

[optimisticcm]

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?

I think ethereum price is nicely keeping up with that of bitcoin's because if you remember well few months back eth price was ranging in between $100 to $200 but as market improved and btc dominated eth has slowly followed it as well and that is why it is trading above 500 now with more upside expected.

[2double0]

Ethereum is having many problems which need to be fixed first, and it will be worth $1k when 2.0 releases as there is so much hype behind. Atm, Ethereum cannot follow btc because btc is taking over the entire crypto marketcap again and has been dominating all the alts since the beginning of the 2020 bull run.

[arufox]

Same question for you, why can't the current price of Dash, Litecoin, Dogecoin, Stellar, Ripple, and more keep up with the Bitcoin price?? Not only Ethereum bro but every coin. You cant hope the price of the coin will be the same again only because Bitcoin reach the same price in 2017. Because in the cryptocurrency we know that price is affected by many factors.

[angrybirdy]

It is because ethereum is independent and its price do not depend on the increasing price of bitcoin. Ethereum is having a hard time because of its scalability issue, though its price just recently pass $500. But you should accept that its price won't keep up with the price of bitcoin as of now.

[Dr.Osh]

since 2019, the price of bitcoin has always been dominant, rising higher than the price of an altcoin. this is also happening at this time. The reason why the Ethereum price doesn't go up at the same time as the Bitcoin price is, because the Bitcoin price dominates it, and puts pressure on the altcoin. however, ethereum's price tag of $ 1k or more is still possible for now. in fact, when the ethereum 2.0 development happens, i think it could make ethereum rise more than dominant too.

[poodle63]

Bitcoin price or bullish have nothing to do with ETH people should stop thinking that these coins correlate to each other somehow because they don't.
A small increase for ETH significantly affect their eth market capitalization because the total supply so many and sometimes it's hard to justify seeing from the market perspective. You will be wondering if eth could rise $100 suddenly, where those money comes from?

[lifeOK]

It is because ethereum is independent and its price do not depend on the increasing price of bitcoin. Ethereum is having a hard time because of its scalability issue, though its price just recently pass $500. But you should accept that its price won't keep up with the price of bitcoin as of now.

Anyone hating on its movement right now, that's very normal. But if you're going to give up from it then your action recognize as abnormal, as you have failed badly get the reasoning. It's pretty reasonable Ethereum is confronting some issue, when 2.0 came to live everything become ordinary and we'll see a smart price.

[dezoel]

All altcoins are almost as further away from their ATH at least as much as ETH, nothing is ever close to something like that, they are pretty further away. Which is why ethereum is further away as well. Bitcoin never dropped as much as altcoins, it did dropped to 4k for a while which required x5 for breaking the ATH price but all other coins went as much as x15 needed or even x20 needed to go back to ATH levels.

So at the end of the day this is not ETH vs BTC type of deal, this is more about ALTS versus BTC type of deal and that is why ethereum can't catch up with bitcoin. Eventually it will definitely reach back to those levels but it will probably not be easy and that is why we should not really be worried, just be patient and it will get there eventually.

[Benefactor]

This is the prime motivation behind why there is no huge development with the altcoins cost, especially Ethereum. Something else, already Ethereum developed high because of the expanded number of ICO that added to a gigantic development to Ethereum. BTC is exceptionally bullish because of late advancement like PayPal and Biden which clearly will give help on BTC alone. Ethereum don't take any action right and the main news in there pipeline is the impending move up to there blockchain.

[Emitdama]

If you checkout the market today you will see that ethereum price has broken 500 resistance which was very important for future price direction of eth, with this break we can expect eth to finally gain momentum that is important for longterm bulls.

Yes, and in general this is a moment that everyone looks forward to with Ethereum tokens, because it has been a long time since Ethereum had a good price increase in the market, but now Ethereum is starting to show that it is still very good to sustain in the long term.

Indeed and if you check the market almost all the coins are failing to match the increase and change that Bitcoin is going through so it is indeed a great sign that ETH is at least making better progress and it is impossible to expect any coin to match the growth that BTC is going through right now. I am glad it broke the $500 mark because I don't remember last time when I saw ETH at 500 if ever at all. Maybe in 2018 the price was highest so this is certainly good for ETH investors.

I hope once the BTC market becomes stable at a price which it has to at some point, then all these altcoins don't start dropping because that is how it goes usually.

[gabbie2010]

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 price already surpass $500 mate, and the reason why this year is not like 2017 is because a lot of good altcoins born then marketcap of altcoins now divided to all good altcoins, not like 2017 only few good altcoins in the market,
and maybe thats the main causes why ethereum price didn't like in 2017

Perhaps investors sees Bitcoin as a safe haven and most of them prefers it among the other cryptocurrencies
now besides majority of thrived ICOs projects in 2017 are mainly ERC 20 linked with ETH thus was responsible for the pump in price of ETH in 2017 invariably many altcoin are mainly exchanged to ETH, however DeFis is the rave of the movement didn't enjoy the massive investors patronage like the era of ICOs in 2017 probably due to the fact that scammers are on the prowl searching for investors to scam.

[Balladtony77]

People wants instant pump from altcoins but that's impossible, altcoins can't start pumping instantly just because bitcoin is pumping, it takes time and patience, as for those pointing to 2017 they are wrong because back then altcoins start responding to the market bull season after weeks when bitcoin is already done with it's bullish movement

[fullhdpixel]

Indeed everyone expected Ethereum and other altcoins to go up when Bitcoin was like it is today. But it isn't easy because many people are still focused on rising Bitcoin and investing there. This is not just the case with Ethereum. Most altcoins are not getting the high rise effect of the current Bitcoin situation. But today is good news because Ethereum has broken through $500

Actually all the coins also have a corresponding USD market as well so they maintain their value in the USD value instead of BTC. Because Bitcoins is a different crypto and when alts rise we never question why Bitcoin is not rising so it doesn't make sense foe the vice versa to stand true.

We can understand simple altcoins market still down because this time people want forced rising bitcoin price. So need compare 2017 because altcoins time will come soon after something stable in bitcoin price. Actually when bitcoin price go up and something down everyday then altcoins price growing so we need some patients.

Maybe once the daddy market (BTC) goes down the price for altcoins will rise but not sure if the daddy market is ever gonna stop if not slow down. By the way we don't need patients, we actually had many during the pandemic, you might want to say we all need some patience .

The answer was came with the current pump in bitcoin and Ethereum.The bitcoin price had reached of 18k$+ and the Ethereum price crossed a new moon of 500$ again after a huge month gap.So if this continue,we can expected the price of bitcoin to the new moon of 20k$.

I believe $25k is coming soon and we might look to double that by the end of 2021, but still speculations so let us all wait and see how it goes.

[kingzpro]

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?

If you check on larger time frames the eth price is definitely keeping up with that of bitcoin but it is like a little bit delayed which is understable as initially money goes to bitcoon and then it flows to ethereum and others but one thing is for sure and that is we are in a new phase of longterm bull trend which will be here for many months hopefully.

[Ezravdb]

Ethereum price movement this year is different from 2017 because it moves quite slowly.  But the price of ETH passed $ 500 yesterday and continue to move up until today.  There is a chance that later this year the Ethereum price will return  $ 1000.  Bitcoin silent,  ETH moves. applause for those who buy ETH at the cheapest price ..

[TheClownSong]

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?

If you check on larger time frames the eth price is definitely keeping up with that of bitcoin but it is like a little bit delayed which is understable as initially money goes to bitcoon and then it flows to ethereum and others but one thing is for sure and that is we are in a new phase of longterm bull trend which will be here for many months hopefully.

The ethereum price does not follow Bitcoin price movements against the US Dollar because the Ethereum price is still under pressure against Bitcoin. This can be seen from the price movement of the eth / btc pair which still looks depressed even though currently ethereum has started to rise in price against Bitcoin.