No, Ethereum cannot replace Bitcoin.
Bitcoin and Ethereum are unique in their functionality. The main idea is that both use blockchains, Bitcoin and Ethereum, serve different purposes. The Bitcoin is the first widespread decentralized peer-to-peer payment system whereas Ethereum is a global computer - Ethereum Virtual Machine (EVM), the purpose of it is to serve as a platform for DApps built on top of it.
However, Bitcoin’s price still remains way bigger than the one of Ethereum placing the market cap at about 60$ billion compared to the 9$ billion of Ethereum.
Even though the crypto market has seen a downside towards the ending of 2018, Ethereum is going to take an upward surge in the coming year and it can touch around $1400 in 2019, because of the growth and developments planned in ETH's roadmap.
Today, the
bitcoin to ethereum exchange will give you 38.21 ETH. The live btc to eth price chart gives the volume of Eth traded on a daily basis. This will help us to track the progress of Ethereum with Bitcoin.