Is there a correlation between Ethereum coin and Bitcoin price movements⁉️

[X-ray]

It is Ethereum follow bitcoin and reach new all time high altogether or ethereum falling behind while bitcoin is reaching all time high.

There are times when ethereum is going up alone but that doesn't happen too often and only happen when ethereum undervalued.

Most of the time, it is bitcoin that dictates the price movements.

[serjent05]

A long time ago, I watched a video where two traders were discussing BTCitcoin and altcoins.
At one point in the discussion, one of them said that if Ethereum 💎 could not survive in the market, then Bitcoin would not survive either, meaning the market would lose buyers and the price of Bitcoin would decrease.〽️

I think the video you watched is shilling Ethereum, putting hype on ETH while having a narrative to deceive viewers that ETH market is far superior to BTC, that it supports BTC progress that when removed, the entire BTC ecosystem will collapse.  I suggest we dig deeper into this narrative and see for ourselves how this statement is deceiving.

Since Bitcoin was created before Ethereum, this seemed unnecessary👎 to me, but then I thought 🤔 about it and realized that, a large portion of those who are familiar with Bitcoin first learned about altcoins and then learned about Bitcoin.

Indeed, Bitcoin is introduced by these altcoins but the fact that most of these investors moved to Bitcoin than staying on that altcoin just speaks that Bitcoin is far more liquid and stable than any altcoin that introduced it.

In other words, since altcoins are often owned/controlled by institutions or individuals, the marketing/advertising of altcoins is 📢 promoted and many new traders interested in trading are primarily introduced to Bitcoin through 🤝 altcoins.

In the early years, all altcoins is paired with Bitcoin so whether these altcoin introduce Bitcoin or not, the exchanges makes it possible for these investors to know Bitcoin because of trading pair.  From this, investors will see which one is dominant since almost all altcoin is paired with BTC while others are just paired with a few altcoins at best.

👉 So I want to know from the experts on this topic: Are Ethereum or altcoins really acting as a pillar in the Bitcoin market❓

No, they are not acting as a pillar but as a pirate/bandit, because they are stealing/hijacking people who are supposed to invest in the Bitcoin market.

[Odusko]

A long time ago, I watched a video where two traders were discussing BTCitcoin and altcoins.
At one point in the discussion, one of them said that if Ethereum 💎 could not survive in the market, then Bitcoin would not survive either, meaning the market would lose buyers and the price of Bitcoin would decrease.〽️

Since Bitcoin was created before Ethereum, this seemed unnecessary👎 to me, but then I thought 🤔 about it and realized that, a large portion of those who are familiar with Bitcoin first learned about altcoins and then learned about Bitcoin.
In other words, since altcoins are often owned/controlled by institutions or individuals, the marketing/advertising of altcoins is 📢 promoted and many new traders interested in trading are primarily introduced to Bitcoin through 🤝 altcoins.

👉 So I want to know from the experts on this topic: Are Ethereum or altcoins really acting as a pillar in the Bitcoin market❓

For someone to think that if one coin failed to survive in the market it will affect the other survival abilities is wrong since both all coins are performing independently of each other, most of the time we see ethereuem making it own all time high whereas Bitcoin struggles with in a price and vas vasal Bitcoin moves independently also, for ths reason there is no way that the survival of each one of the coin depend on the others.

[AmoreJaz]

I've observed that the market generally moves in sync with Bitcoin, practically following the same direction, whether upward or downward. But there are exceptions, which follow a completely different pattern; for example, while we're in a bear market, the coin or token is soaring. But I don't think that if Ethereum succumbs to the market, the same will happen to Bitcoin or even other cryptocurrencies. In a way, they are independent of each other.

That is very true. Most alts follow the trend of btc and we have seen that throughout the years. And eth is no exception in this trend. But don't get too confident as the market is very uncertain.

[Onyeeze]

A long time ago, I watched a video where two traders were discussing BTCitcoin and altcoins.

there are some certain thing that is not arguable because we all know that Bitcoin give Rises to other altcoins and without the existence of Bitcoin other currency wouldn't have been in existence, so if bitcoin is experiencing a bearish season every other altcoins will also drop in value so if Bitcoin did not survive d other countries including ethereum, so how can bitcoin not being survived and a. Single handedly survived, there are some certain things that we are not supposed to argue with because we know that every other coin get their arises from Bitcoin and if bitcoin is out of market today that is end of cryptocurrency

[PrivacyG]

Ethereum WAS at one point considered a 'back to back brother' of Bitcoin.  Kind of.  I mean people were really considering it a linked fate where when one of them succeeds the other does too and when one falls the other also does.

But it steered away a long time ago from that.  Particularly when they moved away from Proof of Work and transitioned to an environment of incentivizing hype, Shit Coins and really incentivizing people to stick around.  While Bitcoin worked on its security, on providing more features et cetera leaving the destiny and popularity in the hands of nature, Ethereum tried to find more ways to rather attract more people to it.

Yes, when Bitcoin drops Ethereum does as well.  If Ethereum drops significantly, Bitcoin will drop too.  But that is because significant movements in Cryptocurrencies as big as Ethereum or Bitcoin means BILLIONS of Dollars moving around and the market pretty much reacts all at once.  The only time I remember markets 'not acting properly' was when we last saw the Altcoin Bull Runs years ago.  Other than these weeks or days of Bull Runs, the markets are for the most part linked acting together almost all the time.

Anyway.  You will never see a Shit Coin drop Bitcoin to the floor unless you get disasters like Terra or LUNA or what ever that was called.  And even when Ethereum drops significantly, Bitcoin does get hit a little bit but not as much as Ethereum gets hit when Bitcoin drops significantly.

Bitcoin is always the main decisive Asset of the market.

[Smartvirus]

A long time ago, I watched a video where two traders were discussing BTCitcoin and altcoins.
At one point in the discussion, one of them said that if Ethereum 💎 could not survive in the market, then Bitcoin would not survive either, meaning the market would lose buyers and the price of Bitcoin would decrease.〽️

👉 So I want to know from the experts on this topic: Are Ethereum or altcoins really acting as a pillar in the Bitcoin market❓

The Bitcoin market has never being dependent on what is happening to Ethereum at any point of their trading history and would never be. That’s lately because, the altcoin market for which Ethereum actually exists is dependent on the activities that happens with/in Bitcoin. Bitcoin has always being the drive for altcoin markets and not the other way round.

Should the altcoin market dips and even goes to zero, Bitcoin would do just fine and the common interpretation that could come off it is the fact that, altcoin investors would be the new Bitcoin investors.

[2stout]

I think the correlation in the past was stronger but as time has passed, the correlation just doesn't seem as strong as it used to be.  For example, ETH 2025 ATH is not much more higher than its previous ATH (2021), perhaps a few hundred USD more.  However, BTC 2025 ATH compared to its previous ATH (2021) is more than 2x.

[Lucius]

~snip~
👉 So I want to know from the experts on this topic: Are Ethereum or altcoins really acting as a pillar in the Bitcoin market❓

Of course, but only in the minds of those who think that any altcoin can be compared to Bitcoin. In reality, all altcoins, including the one with which you are comparing Bitcoin, are completely dependent on the same. Additionally, that altcoin lost credibility long ago when it abandoned PoW and switched to PoS and is now just another in a series of thousands of centralized shitcoins with no max supply.

[philipma1957]

Ethereum WAS at one point considered a 'back to back brother' of Bitcoin.  Kind of.  I mean people were really considering it a linked fate where when one of them succeeds the other does too and when one falls the other also does.

But it steered away a long time ago from that.  Particularly when they moved away from Proof of Work and transitioned to an environment of incentivizing hype, Shit Coins and really incentivizing people to stick around.  While Bitcoin worked on its security, on providing more features et cetera leaving the destiny and popularity in the hands of nature, Ethereum tried to find more ways to rather attract more people to it.

Yes, when Bitcoin drops Ethereum does as well.  If Ethereum drops significantly, Bitcoin will drop too.  But that is because significant movements in Cryptocurrencies as big as Ethereum or Bitcoin means BILLIONS of Dollars moving around and the market pretty much reacts all at once.  The only time I remember markets 'not acting properly' was when we last saw the Altcoin Bull Runs years ago.  Other than these weeks or days of Bull Runs, the markets are for the most part linked acting together almost all the time.

Anyway.  You will never see a Shit Coin drop Bitcoin to the floor unless you get disasters like Terra or LUNA or what ever that was called.  And even when Ethereum drops significantly, Bitcoin does get hit a little bit but not as much as Ethereum gets hit when Bitcoin drops significantly.

Bitcoin is always the main decisive Asset of the market.

this is pretty much a perfect answer to the question.

i gave you merits for the answer.

[avp2306]

~snip~
👉 So I want to know from the experts on this topic: Are Ethereum or altcoins really acting as a pillar in the Bitcoin market❓

Of course, but only in the minds of those who think that any altcoin can be compared to Bitcoin. In reality, all altcoins, including the one with which you are comparing Bitcoin, are completely dependent on the same. Additionally, that altcoin lost credibility long ago when it abandoned PoW and switched to PoS and is now just another in a series of thousands of centralized shitcoins with no max supply.

Bitcoin stand unique since this is only the true decentralize coin and have fixed supply. Those altcoin they have mentioned clearly show signs depends on the credibility also liquidity of Bitcoin in order to survive.

When they abandon that POW then move to POS, they decide to let go the decentralization part and decide to change it with centralization. Also for not having a hard cap on their supply, its just another similar token among thousands of shitcoins out there, while Bitcoin continue to remain the real benchmark for real coin to trust and unique for its scarcity.