Is the price of ethereum dependent on bitcoin?

[Duckenth]

Whether it's a coincidence or not, and it often happens, when the price of Bitcoin rises, Ethereum will also rise, and vice versa. And this also doesn't happen only in Ethereum. But this also happens in other Altcoin. This shows that indeed the price of Ethereum depends on the price of Bitcoin

[Coin63@]

Yes the price of Ethereum depends upon bitcoin. Bitcoin and Ethereum are completely co-operative in market. If bitcoin price  down then Ethereum price also down. When rising both prices are simultaneously rising.

[Tristanerus]

Yes, and not just etherium but all altcoins will affected once bitcoin price drastically dropped. When bitcoin will recover soon, so there's no doubt all altcoins will rise as well, especially in etherium.

[svsanya]

Ethereum has long been the second locomotive on the cryptocurrency market. Ethereum, a Bitcoin fork, is a platform with which you can create decentralized online services based on blockchain and smart contracts.

[Altcoin1998$]

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?

Yes Ethereum price depends on bitcoin market. Bitcoin and Ethereum two high ranked coins are co-operative to each other. When bitcoin price is increasing, then Ethereum price is increasing and when bitcoin price is reducing then you notice that Ethereum market simultaneously reducing.

[earncrypto]

ETH price definitely depends on the bitcoin price. Some people (traders) says that ethusd trading is not a true auction because it's totally depend on the ETHBTC auction.

[MOProgress]

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?

Well, Ethereum is the only altcoin that has succeeded to stand alone in some ways, although it stll still have some little attachment to bitcoin, but not like too much.

[Hadley]

In my opinion I think that the price of ETH still depends on Bitcoin because whenever Bitcoin drop, ETH will always follow the drop of Bitcoin too

[pat4cryptoreal]

If you have been monitoring the market you will agree with me that there is no time that bitcoin goes up ethereum will go with it. So it is true.

[alfian141]

All altcoin still follow market it mean bitcoin. If bitcoin up all is up when bitcoin down all has down to. I don't know why?

[BengYou]

In my opinion not only ETH but also all others coins in the market still depends on Bitcoin price and they will depend like that in the future too

[Leny]

not only does the increase in ethereum prices increase for me, all altcoins increase depending on the conditions of bitcoin prices, because bitcoin is the number one king in the world and also the most famous.

[Plnshah65]

Yes price of ethereum depends on bitcoin. Others cryptocurrency prices also depend on the bitcoin market. Bitcoin is the king of the crypto world.

[BengYou]

Yes and people are expecting with the fork, ETH can rise higher but thanks to the drop of Bitcoin, now ETH and all other crypto are dumping again

[Markus Hoffmeier]

All cryptos are dependent on the market situation and not much between each other. If BTC goes up, not all people are able to buy it in amounts they like (coz price is on rise), so they go for other valuable coins and so on.