ETH could take over.

[5W-KILO]

Am I the only one seeing that ETH is decoupling from BTC? If this happens and Ethereum becomes a better target for institutional then it is finished, many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

[1715162535]

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[TastyChillySauce00]

Am I the only one seeing that ETH is decoupling from BTC? If this happens and Ethereum becomes a better target for institutional then it is finished, many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

Yes you're. I didn't even see ethereum was starting to leave from bitcoin's domination. You must also aware if the chart is looks very similar between one to the each other. Decoupling bitcoin was not easy. I think that you are judging it too early. You shall take a look at the chart between both again. Ethereum was still following bitcoin anytime. There's no reason for it to decouple from bitcoin. At least not for this time but anything can happen in the future.

[Humility4sure]

The recent news on ethereum has been bringing various sentiments and people are taking it too emotional. We all know that ethereum is a great project and has an excellent usecase, but that doesn't make it any better than bitcoin. The information we have now is still unclear and several persons are taking advantage of the situation to spread unfathomable rumors. Let's be guided as we look forward to what ethereum has for the industry.

[jrrsparkles]

Am I the only one seeing that ETH is decoupling from BTC? If this happens and Ethereum becomes a better target for institutional then it is finished, many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

Many tokens depends on the ethereum blockchain but it doesn't mean the whole altcoins, already BSC and others are here to become ethereum killers anyway still the market trend following bitcoin and it only manages to lose after every bull bear cycle so I don't think it will be changed in the near future.

[Reid]

How did you come up with that? Do you have some links for reading materials so we might as well be enlightened just like you.
I mean, because I doubt that will happen. Just because it will change to POS doesn't necessarily mean it will not be affected by the Bitcoin price.
We have many POS in the market, remember that and they are not as dominant as Bitcoin nor Ethereum.
I want to see the logic behind this claim but if it does happen then I would be also joyful about it since I have been an Ethereum fan for ages.

[Amicable55]

Well it's not easy to decoupling the ETH from BTC. As we see the chart ETH mostly following BTC. Now BTC is at 23k and ETH is at 1693. Both trying to recovering but not in comfort zone till now. Today both coin make red candle that showing the dependency on each other.

Coin circulation of ETH is much more than BTC. But from it's not better for ETH to decouple from BTC.

[cabron]

By the caps, it impossible to see ETH taking over. ETH has its own market, all the ERC tokens are paired with ETH in the market. It doesn't even need to decouple, it already have its own  market.

I have read it many times that institutions will come to ETH because they merge to POS but so will many institutions go for BTC. BTC is just more secure than  POS network.

[btc_angela]

Am I the only one seeing that ETH is decoupling from BTC? If this happens and Ethereum becomes a better target for institutional then it is finished, many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

I seriously doubt that we will see ETH decoupling from BTC, perhaps just on few occasions that you may have seen right now. But the whole altcoin will still rely on the price of BTC no matter what as obviously trading is based on BTC price.

The recent news on ethereum has been bringing various sentiments and people are taking it too emotional. We all know that ethereum is a great project and has an excellent usecase, but that doesn't make it any better than bitcoin. The information we have now is still unclear and several persons are taking advantage of the situation to spread unfathomable rumors. Let's be guided as we look forward to what ethereum has for the industry.

Perhaps this is the case, but it's going to be short term though. Maybe there are news about ETH protocol change. Yes, it's a big chance, however, I'm seeing ETH taking over, BTC will continue to remain on top. Back in 2017, (for those who have been here already), there is this so called "Flippening",  when BTC was about $1k-$3k price and ETH was about to break the $1k barrier. But in didn't happen as BTC remain the dominate coin.

[FlamingFingers]

Am I the only one seeing that ETH is decoupling from BTC? If this happens and Ethereum becomes a better target for institutional then it is finished, many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

Ethereum will always follow bitcoin at the back, bitcoin is the king of the cryptocurrency space, no coin can take over bitcoin. Ethereum cannot decouple from bitcoin, no matter how great it become in future, all cryptocurrency will continue to do whatever bitcoin wants them to do, bitcoin dictates when the bull and bear season will be, no other altcoins can

[BlaBlaGame.io]

Though Ethereum still depends from Bitcoin, ETH has considerable chances to become a maket leader. It may happen in case ETH transactions become cheaper, faster as well as the speed of ETH minting goes down after Ethereum difficulty bomb activation.

[BlaBlaGame.io]

If this is true then why did Ethereum loses its value today? Decouple my 👣, Ethereum is now down to 1600+ per coin and you are saying Ethereum is capable of decoupling? BTC is still the king and Ethereum can't do shit on its own.

Some uncertainty still ruling the market which is still bearish, don't forget about it. Nobody cancelled price fluctuations.

[avikz]

Am I the only one seeing that ETH is decoupling from BTC? If this happens and Ethereum becomes a better target for institutional then it is finished, many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

I don't see ETH taking over bitcoin, ever! Bitcoin is a true pioneer of the crypto market and the current market dynamics is very much dependent on bitcoin itself. ETH has a long way to go and with its ongoing transaction fees, ETH can never become a market leader.

We may start seeing some institutional interest on ETH once it moves to POS algorithm which may increase its price. But when comes to driving the market, ETH is still too small!

[Sayeds56]

Am I the only one seeing that ETH is decoupling from BTC? If this happens and Ethereum becomes a better target for institutional then it is finished, many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

Ethereum merger is a mega event that can potentially take it to new highs because is likely to  attract huge institutional investment and this is the reason it is leading the market and surprisingly Bitcoin is following its trend. The news of further increase of interest rate by 75 basis has caused selling in stocks and crypto market which I hope will be absorbed soon & market will resume its upward journey.

[Mpamaegbu]

Am I the only one seeing that ETH is decoupling from BTC? If this happens and Ethereum becomes a better target for institutional then it is finished, many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

I think there's a kind of awe and respect with which altcoins hodl Bitcoin. For that, I don't know if that which you're speculating will ever happen because for a very long time ETH has shown itself useful as a smart contract with massive utility, yet its price hasn't measured up to what benefits it presents to the crypto industry. Sadly, there are new projects coming out with their own blockchain and smart contracts and that's beginning to split the strength of Ethereum through competitiveness. If we go by what utilities Eth has for this industry, its price ought to be as high as what Bitcoin is now or even higher than that.

[S3300]

This is a dream that will remain a dream forever because nothing can decouple from BTC in this crypto market, BTC movement will forever affect every other crypto projects and that's the way it should be, Ethereum can added more value after the merge but do not expect the project to be like BTC on it's own.

[Anonylz]

You came to this conclusion base on this few days eth performance! Don't get your hopes up just yet, I think this little spike was as a result of the eth merger news, overall price performance will still depend on btc a lot. Perhaps there is a possibility it will change in the future but for now i doubt that.

[TheGreatPython]

Am I the only one seeing that ETH is decoupling from BTC? If this happens and Ethereum becomes a better target for institutional then it is finished, many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

Decoupling or separating? But the two don't have a special relationship. It's just btc is known to control every crypto, that's it. Maybe you mean is the price of eth is slowly increasing, leaving btc behind? Well that's fine and we are happy for it. I think this because of the upcoming updates on eth. Btc can still catch up soon and it can leave eth behind once bull run returns.

Ethereum becomes a better target for institutional then it is finished,

On this part, im not sure if you mean they will invest on eth and prioritize it over btc or you mean they will put restrictions over btc? But either of the two, it is still fine. Like I said earlier. Btc can still catch up no matter what and if ever they put restrictions with eth, we stil have a btc. Also I don't think the restrictions will be permanent, same with that they did with btc before.

[blockman]

Am I the only one seeing that ETH is decoupling from BTC?

No, I've seen some that said it before.

If this happens and Ethereum becomes a better target for institutional then it is finished, many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

Nothing.
Bitcoin will remain as the top and stop all of these thinking that bitcoin will be replaced even by ETH. They're conquering both markets and that's already enough to look at.
People always intend to think about switching bitcoin over the past years and it's not yet stopping. I don't know what makes you think that it will. I'm holder of both but understands the dominance of bitcoin.

[S3300]

Even if Ethereum turn 20,000$ per one its bullish momentum will still depend entirely on Bitcoin, it's that simple, we need to stop thinking that a coin can replace Bitcoin or a new smart contract can replace Ethereum, it's never going to happen.

[GeorgeJohn]

Am I the only one seeing that ETH is decoupling from BTC? If this happens and Ethereum becomes a better target for institutional then it is finished, many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

Altcoins power of acceleration is dependable to Bitcoin acceleration. Because it's Bitcoin that possessed it power of moving round the corner of increment. From my definition of altcoins, it's seems like bitcoin subordinate indecencies that Bitcoin is the first in cryptocurrency that is been introduced and any other one's is following the full steps of cryptocurrency to gain its propagation. So in summary Ethereum is under the class of altcoins and theirs no time it so well than Bitcoin