Is the price of Ethereum dependent on Bitcoin?

[Lutera94]

Not only eth,every alts are depand on bitcoin price. Because bitcoin is the kings of cryptocurrency.   

[aldenlim]

I personally think that most altcoin price is dependent on the Bitcoin. BTC is the most trusted cryptocurrency. many people still make this crypto as the indicator of the cryptocurrency condition. The market also shows when the price of the BTC is down, the altcoins will follow, so does the Ethereum. Moreover right now, this altcoin (ETH) is still in the bad market condition, so it is normal for this.

That is definitely correct Bitcoin dominates more than 50% of the total market dominance and second to Bitcoin is
Ripple with 11.11% dominance on the market at this moment and this statistics on coin market cap really shows that
Bitcoin is really dominating the whole cryptocurrency world and almost every altcoins are depending on it.

[saprakib]

I think its not fully depend on bitcoin. Bitcoin is a common coin using as the pair and eth also.  Ethereum has own platform. There many reason to affect on the price of ethereum.  I think ICO is most one of them as you said earlier.Most of the ICO come up with the platform of Ethereum based.So it could be the major reason of moving price.

[PreshB]

Yes,,  because  bitcoin  has  become  the   master  of  the  coins,  base  on  this  for  ETH  price  to  be  imcrease  that  means  the  price  of  bitcoin  must  be  increase  first

[elbans89]

Bitcoin has a general influence on the entire crypto market due to the pairing of most of the coins including Ethereum to Bitcoin on the market. Also, Bitcoin holds more than half the total number of crypto investors.
However, the price of Ethereum is dependent on several factors not on Bitcoin alone. The major factors include the performance of ICOs because more than 90% of ICOs use the Ethereum Blockchain.

Yes the price of bitcoin will.affect the value of all crypto currency. Because bitcoin is still the King of crypto currency.

[aldenlim]

Bitcoin has a general influence on the entire crypto market due to the pairing of most of the coins including Ethereum to Bitcoin on the market. Also, Bitcoin holds more than half the total number of crypto investors.
However, the price of Ethereum is dependent on several factors not on Bitcoin alone. The major factors include the performance of ICOs because more than 90% of ICOs use the Ethereum Blockchain.

Yes the price of bitcoin will.affect the value of all crypto currency. Because bitcoin is still the King of crypto currency.

Bitcoin affects the whole cryptocurrency market because this crypto is the most dominant of them all and the
rise is Bitcoin is really needed by most of the altcoins right now to go back into shape.

[densus88]

Bitcoin has a general influence on the entire crypto market due to the pairing of most of the coins including Ethereum to Bitcoin on the market. Also, Bitcoin holds more than half the total number of crypto investors.
However, the price of Ethereum is dependent on several factors not on Bitcoin alone. The major factors include the performance of ICOs because more than 90% of ICOs use the Ethereum Blockchain.

Yes I think It is true. Because Bitcoin is the King and The first of crypto currency. Bitcoin affected all crypto currency.

[Stalky]

I think the increase in ethereum prices depends on demand and that also depends on the price of bitcoin, once the price of bitcoin drops I think all altcoin prices will follow the price of bitcoin.

[rapheal]

Ethereum is dependent on the price of bitcoin,I'm sure.If bitcoin goes up,all altcoins will go up and when the bitcoin falls everything will fall always the same.Only stable coin is not affected by bitcoin.

[bubblebubble]

I personally think that most altcoin price is dependent on the Bitcoin. BTC is the most trusted cryptocurrency. many people still make this crypto as the indicator of the cryptocurrency condition. The market also shows when the price of the BTC is down, the altcoins will follow, so does the Ethereum. Moreover right now, this altcoin (ETH) is still in the bad market condition, so it is normal for this.

That is definitely correct Bitcoin dominates more than 50% of the total market dominance and second to Bitcoin is
Ripple with 11.11% dominance on the market at this moment and this statistics on coin market cap really shows that
Bitcoin is really dominating the whole cryptocurrency world and almost every altcoins are depending on it.

This is the key concept.
All money flows crypto market through Bitcoin that keeps high dominance.
So, I noted that in bear market this one increases because people move on a stable asset. In this case Bitcoin value is pretty costant and altcoins reduce own value, including Ethereum.

[CiviC888]

Yes, you are right, the price of Ethereum to grow must take into account a lot of factors, I hope with the launch of the next update many of these factors will no longer affect the coin so much!

[coinlurker]

Bitcoin has a general influence on the entire crypto market due to the pairing of most of the coins including Ethereum to Bitcoin on the market. Also, Bitcoin holds more than half the total number of crypto investors.
However, the price of Ethereum is dependent on several factors not on Bitcoin alone. The major factors include the performance of ICOs because more than 90% of ICOs use the Ethereum Blockchain.

To a certain extend i think it is. We see ethereum price is making some small movement which is better than no movement while on the other hand bitcoin price is not making any move at all. From this we are able to assume ethereum is able to have a sky of its own.

[Plnshah65]

Very simple question, obviously depends on bitcoin price, when red signal in bitcoin price chart similar time Ethereum prices also red in colour.

[pacar_tiri]

Bitcoin has a general influence on the entire crypto market due to the pairing of most of the coins including Ethereum to Bitcoin on the market. Also, Bitcoin holds more than half the total number of crypto investors.
However, the price of Ethereum is dependent on several factors not on Bitcoin alone. The major factors include the performance of ICOs because more than 90% of ICOs use the Ethereum Blockchain.

Yes I think It is true.  The price of ethereum is dependent on bitcoin. Because Bitcoin is the King of crypto currency.