Is the price of ethereum dependent on bitcoin?

[eldial]

Probably I agree with this the price of ethereum dependent on bitcoin because this two kinds of coins in the market are so very popular and potential in the cryptocurrency they are interchanges day and day of value of prices depends on the demand of all investors assets.

[bmw1]

You are fifty percent correct because Bitcoin is the most valuable token in the world of cryptocurrency and this Bitcoin is the most expensive. Etherium's position after Bitcoin, so it can be said that if the price of Bitcoin increases, the price of tokens in the vicinity increases. So when the price of Bitcoin goes up, the price of all tokens goes up even if it is a little bit. So it can be said that the price of Bitcoin does not depend on any token but the price of other tokens depends on Bitcoin.

[Heron]

"Ethereum's price depends on Bitcoin's price" I don't believe it. Because I have noticed that the price of Bitcoin has increased a lot since the beginning of 2021. The price of Bitcoin has almost tripled, but the price of Etherium has not increased in comparison. So I disbelieve that Ethereum's price depends on Bitcoin's price.

[Carbitcoin]

if you watch Ethereum prices over a long period, it can still be noted that Ethereum adheres to the general market trend. And if we take into account that it is Bitcoin that affects the cryptocurrency market, then this means that it also affects Ethereum.

[smrityirany]

Bitcoin is the king of crypto currency. Many of the countries have approved it's for their money transection. At this moment Bitcoin is running with it's full strength and popularity. The price of the Bitcoin is very high. Many investors have invest in the Bitcoin. If Bitcoin rise crypto market rise up and it fall , the crypto market go down. So I think the price of Etereum sometime depends on Bitcoin .

[kent47400]

Bitcoin and Ethereum are very different in matters due to the huge differences in nominal values and are difficult to equalize.
Bitcoin has a limited supply and Ethereum has unlimited coins and definitely from this factor also has a price difference.
But if we are investors, it would be better if we choose both Bitcoin and Ethereum because these two coins are really highly respected.

[Dora Walletinvestor]

"Ethereum's price depends on Bitcoin's price" I don't believe it. Because I have noticed that the price of Bitcoin has increased a lot since the beginning of 2021. The price of Bitcoin has almost tripled, but the price of Etherium has not increased in comparison. So I disbelieve that Ethereum's price depends on Bitcoin's price.

I partially agree, the price of Ethereum doesn't depend too much on Bitcoin. But Bitcoin's price growth and fall still affects it to some extent, as it really influences people's attitude to the crypto market in general.

[Tubelight]

I think the price of Ethereum largely depends on the price of Bitcoin. Why Ethereum is the only cryptocurrency because all the other coins are fairly dependent on Bitcoin.Because Bitcoin is the king of cryptocurrency. The cryptocurrency market is now in a good position for Bitcoin.

[Ronald]

I don't think so because we know that when the price of BTC $20000 at that time ether price was 1500 and when BTC reached at 60000 at the same time ether price convey $1800. Here i get big difference between the two but i know that most of the time if BTC fall then Crypto currency also fall down.

[Power420]

If the price of Bitcoin in cryptocurrency goes up then the price of all commodities goes up.  Because Bitcoin is the best coin in the cryptocurrency and cryptocurrency occupies a huge place in it.  The only thing that can be said is that Bitcoin is the lifeblood of cryptocurrency.

[labonikhatun]

In fact in the crypto market bitcoin is the most popular currency and tops all currencies depending on the value of this currency the value of other currencies increases the same situation with ethereum. As the value of Bitcoin rises and market investments increase traders continue to invest in bitcoin and other currencies.

[Chita76]

Bitcoin is the king of all coins.  That is why all coins depend on Bitcoin.  Because if the price of Bitcoin goes up, then the price of all the other coins goes up.  Bitcoin occupies a huge place in the cryptocurrency which is why everything depends on Bitcoin.