Is the price of ethereum dependent on bitcoin?

[Leocaspis]

Only an example of recent months shows that the bitcoin rate does not greatly affect Ethereum. When the bitcoin rate went down then the ethereum rate continued to rise. These are two different coins so don't tie them.

[ranaprime]

We know that Bitcoin is the king of all coins. When the price goes up, all the coins will go up, but it is not compulsory. I just say on my long experience. Basically everything depends on the demand.

[youdacapt]

Etherum only relies on bitcoin when it is time to dump price and crash the market; bitcoin has increased in value to up to 50000$ already in 12 hours, thats over 20%, meanwhile etherum remains stagnant at 1800$. But if bitcoin dips 5%, etherum dips 20%

[satpol_PP]

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

By seeing the crypto currency market all this time, every bitcoin increase , I see Ethereum is increasing too. So, I think the price of Ethereum  dependent on bitcoin. That's normal because bitcoin is the king of crypto currency

[Galaxy]

The price of Bitcoin is at the highest level. Etherium is in the second stage. Etherium is dependent on the price of Bitcoin. The price of Bitcoin has increased more than other coins. When the price of Bitcoin goes down, the price of Etherium also goes down.

[Kitaiev]

According to my observations, the price of ethereum depends on bitcoin. I saw that one Russian trader uses the indicator of coincidence of the price of ethereum with bitcoin. From time to time there is a price discrepancy and he can make money on this.

[Condorlaib]

According to my observations, the price of ethereum depends on bitcoin. I saw that one Russian trader uses the indicator of coincidence of the price of ethereum with bitcoin. From time to time there is a price discrepancy and he can make money on this.

There are undoubtedly certain market trends where all cryptocurrencies are moving at a given rate. But if we take a more scrupulous look at the processes of Bitcoin and Ethereum, then, in my opinion, Ethereum has long gone into Free Floating and since 2020 has practically formed an independent schedule, regardless of Bitcoin.

[eldial]

Yes of course the price of erhereum will depend on bitcoin because as far as I know bitcoin is the first token launched in the crpytocurrency and so very popular to all investors by using any transactions against ethereum especially in the srock exchange the higher value of cryptocoin.

[Lanirex]

Actually, not only Ethereum, but almost all existing Cryptocurrencies. The price depends on Bitcoin. Try to remember again, every time there is an increase or decrease in the price of Bitcoin, other Coins including Ethereum will always follow it. This is only natural, because Bitcoin is the parent of all Crypto coins that exist today.

[Millionaire]

bitcoin is the king of all coin which affects the price of all coin. it is impossible for coin other than bitcoin to be independent without the support of bitcoin.
when the price of bitcoin goes up, all coin will also go up and when the price of BTC goes down, all coins will also go down.

[Tunir Baap]

The price of Ethereum alone does not depend on the price of Bitcoin. Cryptocurrency The value of all other coins depends a lot on the value of Bitcoin.Because Bitcoin is one of the best cryptocurrency coins. Bitcoin is the platform on which people invest the most.So if the value of bitcoin increases then the value of all other coins in cryptocurrency increases. And if the value of the bitcoin goes down, then the price of all the other coins goes down fairly.

[raisajahan]

I think the price of ethereum do not depend on bitcoin but sometimes it may happen because of market movement it can be happen.

[kulkhan]

Yes I Think Some times It Dependent. We saw from the First Bitcoin and Ethereum run Same Line. When Bitcoin Price increase then Ethereum Price also Increase. When Bitcoin Price Decrease then Ethereum Price Also Decrease. So we tell that Ethereum Dependent on Bitcoin.

[Casual]

Of all the coins in the cryptocurrency, we call Bitcoin the king of cryptocurrencies. And Etherium is next in line with the Bitcoin price but we have seen the Etherium price increase dramatically. And what about the fact that the price of all coins has increased but the main reason is that the price of Bitcoin is so high.

[saidul2105]

We know that Bitcoin is the king of all coins. When the price goes up, all the coins will go up, but it is not compulsory. I just say on my long experience. Basically everything depends on the demand.

Yes, mate. I agree with your argument. Actually everything depends on it’s  own demand. So, bitcoin's price can not create any effect on the ethereum or other coin's price compulsory. But in some way, when the price of bitcoin is rising up, all the coin's price will increasing.