Is the price of ethereum dependent on bitcoin?

[MUGNIA]

for now I'm not sure if bitcoin is the benchmark high or low ETH, because btc is experiencing a significant increase while ETH is still the same price

[abc123]

I think the price of ethereum is depend on bitcoin.The Bitcoin is king of cryptocurriencies.also has big trading volume and market cap.so I think the price of btc affects ETH and other altcoins.

[Azharul]

We know that most of the altcoins are dependent on the Bitcoin price.so I think the price of ethereum is depend on bitcoin.For example, you can see the bitcoin price now, when It has been dumped so the price of Ethereum dumped now.

[Fadhilz123]

We know that most of the altcoins are dependent on the Bitcoin price.so I think the price of ethereum is depend on bitcoin.For example, you can see the bitcoin price now, when It has been dumped so the price of Ethereum dumped now.

You are wrong, Ethereum not dumped, go check coinmarketcap, Ehtereum raise around 9%. You think Ethereum dump because you using BTC pair, and this is not fair. If you want to see the real price, always check it using USD price or other stable coins

[Mental]

Yes I think Bitcoin price will affect the value of ethereum. Because bitcoin is still the King of crypto currency.And the number one coin in the world is Bitcoin.  And Etherium is the next coin of Bitcoin.

[XM8]

I think its price depends a lot on the price of bitcoin. Because Ethereum's market was in a much worse position when the price of bitcoin was down. But with the rise in the price of bitcoin over the last few days, the price of etherium has been rising a lot.So I think the price of Ethereum depends a lot on the price increase of Bitcoin

[Stuart]

Bitcoin has more dominance and popularity in the crypto market and that affects every other coins in the market. When the price of bitcoin goes high, ETH and other coins will have the strength to reach new price heights, but when the price of bitcoin drops, so goes all altcoins.
For ETH and BTC, the margins depends on how hard it goes, either up or down. The harder the price of BTC goes down, so doe ETH, but when the price of BTC goes up, and the have a little correction, it doesn't affect ETH.

[iRan Chy]

Yes. I think the rise or fall of the price of Bitcoin affects Ethereum. And this applies not only to Ethereum but to all altcoins. If you take a look at the market, you will see that as the price of Bitcoin increases, so does the price of Ethereum. And the price of Bitcoin goes down and so does the price of Ethereum.

[ALTdetectoR]

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

Bitcoin is the king of all cryptocurrency coins. So don't be surprised if bitcoin price goes up ethereum and other altcoins go up, it has become a common thing.
There is very little chance that ethereum will not keep up with bitcoin prices

[dodok]

In my opinion, bitcoin has a little effect on increasing other altcoins but what is more influential with increasing altcoins is the demand if a lot of demand will occur to this altcoin scarcity which causes altcoins to rise.

[TERMINO]

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

Bitcoin is the king of all cryptocurrency coins. So don't be surprised if bitcoin price goes up ethereum and other altcoins go up, it has become a common thing.
There is very little chance that ethereum will not keep up with bitcoin prices

I also notice that relation between bitcoin and ethereum price movement. Seldom for ethereum to move pump independent. Bitcoin is the main line why the altcoins sometimes are in dumped or in pump. Like today the price of btc increase and also eth. Btc is the triggering point to let the market in bullish or bearish.

[Bolopecah]

Sometimes we can see,

When btc going to down,  price of eth also going to down. That's why someone say price of eth depended on btc price. And it’s something true.

[Leocaspis]

The price of ethereum does not depend on bitcoin, it is its own coin rate, and even the latest changes in the bitcoin rate over the past three months shows how ethereum reacted. That horakterno both coins have grown in price only ethereum has risen in price much more.

[Muneeb22]

This is true that the ETH coin price is depend on the market and the market running coin is the BTC because when the BTC go high then the other coin like ETH, XVG, TRX go high also.

[Crypto Banglu]

You may be right. I have noticed many times that while the price of Bitcoin continue to rise, so does the price of Etherium continue to rise. As the price of Bitcoin continue to fall, so does the price of Etherium continue to fall. So I believe that the price of Etherium depends a bit on the price of Bitcoin.