Why is Ethereum price action still influenced by BTC even after decoupling?

[Maxcryptic]

My thought after decoupling was that ETH will fly solo impacted by it's utility and the general market sentiment largely influence by BTC.
The was expected to be a game changer but i think we seeing the opposite or perhaps there some info i am mising?

[jeraldskie11]

No matter what changes occur in Ethereum, it is still referred to as Alts. This means that if you believe in Bitcoin dominance, altcoins will follow. Aside from that, I do not believe Ethereum truly decouples from Bitcoin, as we can see from the Ethereum chart since 2022, when the price of Bitcoin rises, Ethereum follows. So, I believe no currency is exempted from it.

[Maxcryptic]

No matter what changes occur in Ethereum, it is still referred to as Alts. This means that if you believe in Bitcoin dominance, altcoins will follow. Aside from that, I do not believe Ethereum truly decouples from Bitcoin, as we can see from the Ethereum chart since 2022, when the price of Bitcoin rises, Ethereum follows. So, I believe no currency is exempted from it.

Same thought cos I still can't see the effect of the decoupling since the announcement was made

[milewilda]

My thought after decoupling was that ETH will fly solo impacted by it's utility and the general market sentiment largely influence by BTC.
The was expected to be a game changer but i think we seeing the opposite or perhaps there some info i am mising?

No one beats the king
No one beats the original or first crypto.

It would be always sitting on 2nd spot but we do know that there's no one could be able to know on whats on the future on which means
that there would be some possible flipping or overtaking but of course there's no way that Bitcoin would be easily be overtaken.Although its not assured
but we do know that it is unlikely to happen. As for market setter then Bitcoin would be always the one will be dictating on what the trend would be.

[Lucius]

Some people are constantly speculating that one day ETH will surpass BTC in some way, and they probably mean that it will be worth more than BTC. Personally, this is quite unrealistic considering that ETH has about six times more coins in circulation than BTC, and that, as far as I know, it still does not have a clearly defined max supply. The thing that pushed ETH even more to the side is the transition to POS, which in my opinion makes it less attractive than before.

Furthermore, ETH's absolute ATH was in 2021 and was $4891, and if we take into account that BTC then and today is approximately at the same value in relation to USD, then we see that it is a difference of almost $2000 in a negative sense.

The price of ETH is therefore a reflection of the market's confidence in it, and everything else is less important.

[bitterguy28]

even what ever happen to Ethereum and other altcoins yet Bitcoin will remain king and being a king then it should be followed mate .
bitcoin will always start the fire and altcoins will follow like what had happened in the past and this will stay at least after every coins has their own ETF approval .

[hugeblack]

Do not forget that Ethereum is not considered number 2 after Bitcoin. It is true that in terms of market cap, the value of Ethereum is far behind all competitors, but Ethereum is not the number one currency that attracts those looking for low fees, POS, smart contracts, or fast confirmations. All the advantages of Ethereum have competition. It is higher than other projects, so there are always alternatives to Ethereum, and it steals part of the market capacity, so it will always be subordinate to Bitcoin.

[MrSpasybo]

Some people are constantly speculating that one day ETH will surpass BTC in some way, and they probably mean that it will be worth more than BTC. Personally, this is quite unrealistic considering that ETH has about six times more coins in circulation than BTC, and that, as far as I know, it still does not have a clearly defined max supply. The thing that pushed ETH even more to the side is the transition to POS, which in my opinion makes it less attractive than before.

Furthermore, ETH's absolute ATH was in 2021 and was $4891, and if we take into account that BTC then and today is approximately at the same value in relation to USD, then we see that it is a difference of almost $2000 in a negative sense.

The price of ETH is therefore a reflection of the market's confidence in it, and everything else is less important.

Technology-wise, Ethereum with smart contracts has many more features than Bitcoin. In fact, if I had to choose only one crypto to apply to the world, I would probably choose Ethereum. The ETH marketcap is also expected to surpass the BTC marketcap, but that is unlikely to happen even though ETH has an infinite total supply, as the market has chosen BTC as the crypto king. I can only hope that in the future, ETH will surpass BTC in terms of daily trading volume, just as USDT has surpassed BTC.

Despite how good and valuable ETH is in its vast ecosystem, ETH is still just an ALTS and only receives inflows after BTC has recovered and stabilized at a new higher price zone, and is also heavily influenced by BTC price fluctuations because BTC price is still considered an health indicator of the entire crypto market. I don't think this will change anytime soon in the next few cycles, perhaps only the widespread adoption of the Ethereum blockchain into the new economy can make the ETH price supported by business demand and less dependent on the BTC price.

[Captain Corporate]

I agree, there is no decoupling at all, wherever BTC goes, ETH will follow. The whole crypto market moves together, is it fair to say that when bitcoin goes up the other coins follow bitcoin or could we say that they go up together? At this point I am not sure which one is true. It is true that back in the day it was bitcoin that went up first and then others went up after that as a reaction to it, but these days when you look at it they all go up together which means that maybe bitcoin is not followed but they move together. In any case, wherever direction bitcoin goes, that's where ETH will go too.

[LogitechMouse]

My thought after decoupling was that ETH will fly solo impacted by it's utility and the general market sentiment largely influence by BTC.
The was expected to be a game changer but i think we seeing the opposite or perhaps there some info i am mising?

Decoupling? Ethereum decoupled with Bitcoin in terms of price movement? You're clueless with what you're saying OP I guess.
I don't know, but even Bitcoin isn't decoupled with the S&P500 so why you said that Ethereum is decoupled with Bitcoin already? Any proofs?

Maybe you said it because you saw Ethereum going up double digit percentage while as Bitcoin didn't went up as high as that isn't it? If that's the case then it wasn't decoupling, but there really are times where Ethereum goes up in percentage than Bitcoin because it's more volatile since it has a lower market cap. In the long run, both Bitcoin and Ethereum will move at the same direction. Going up, or going down.

[hugeblack]

Technology-wise, Ethereum with smart contracts has many more features than Bitcoin. In fact, if I had to choose only one crypto to apply to the world, I would probably choose Ethereum. The ETH marketcap is also expected to surpass the BTC marketcap, but that is unlikely to happen even though ETH has an infinite total supply, as the market has chosen BTC as the crypto king. I can only hope that in the future, ETH will surpass BTC in terms of daily trading volume, just as USDT has surpassed BTC.

This is true if we talk from the perspective of Bitcoin and Ethereum, but in reality, all bitcoin hardforks are still far from the value of Bitcoin, while all altcoins that are trying to be better than Ethereum are gaining some popularity, whether in terms of fees, managing smart contracts, or in terms of account based blockchain, so Ethereum will not overtake Bitcoin any time soon, but overall, Ethereum based altcoins have a good chance.

[Sim_card]

even what ever happen to Ethereum and other altcoins yet Bitcoin will remain king and being a king then it should be followed mate .
bitcoin will always start the fire and altcoins will follow like what had happened in the past and this will stay at least after every coins has their own ETF approval .

Since Etherum is the duplicate of bitcoin, it will never do more than Bitcoin. Bitcoin PoW and decentralized nature makes it superior to altcoins and they all depend on bitcoin price movement for them to pump or dump nothing can change that. Etherum price will never be independent.