Is the price of ethereum dependent on bitcoin?

[yashwant]

Bitcoin is considered the basis of cryptomarket. The price of bitcoin affects the entire cryptomarket. When the price of bitcoin rises, the price of most cryptocurrencies rises and this rate decreases when the price of bitcoin decreases. But it is not necessary that all cryptocurrencies decrease or increase in this proportion.

[Trumpet]

Of course the price of Ethereum depends a lot on the price of Bitcoin. Not only Ethereum but all other coins in cryptocurrency depend a lot on the price of this bitcoin.Simple One thing you may have noticed is that while the value of bitcoins was rising regularly, cryptocurrency was increasing the value of all other coins.So it is very easy to say that Ethereum is very dependent on Bitcoin.

[flyaccount]

I think it's not just ethereum but all the altcoins. Because Bitcoin is like a determinant of prices in the market. Altcoins will always follow. And indeed the cycle is always like that.

[CriptoLH]

Without a doubt, the price of bitcoin affects the price of Ethereum. We can see this every time the price of bitcoin rises-the ethereum also rises, when bitcoin falls-the Ethereum also falls. This is an obvious dependence not only of the Ethereum, but also of the majority of altcoins on the price of bitcoin.

[Hisbullah]

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

I have read many opinion here, I agree Ethereum price doesnt depend on bitcoin but on demand and supply. If demand is increasing and so high , I think the Ethereum price will increase. I agree with this.

[sampoerna]

I think that most coin prices of altcoins will always depend on Bitcoin.
Bitcoin is the king of crypto. the symbol of crypto is Bitcoin. And may people will trust BTC fo course, And It will also influence, moreover when the price is high, downtrend and probably touches the previous drop again.

[yohananaomi]

I have read many opinion here, I agree Ethereum price doesnt depend on bitcoin but on demand and supply. If demand is increasing and so high , I think the Ethereum price will increase. I agree with this.

I also agree about what you are saying because it is clear that it is the law of economics. but still the influence of bitcoin will always have an impact on altcoins, I'm not sure if anyone doesn't believe it.

[wxxyrqa]

I have read many opinion here, I agree Ethereum price doesnt depend on bitcoin but on demand and supply. If demand is increasing and so high , I think the Ethereum price will increase. I agree with this.

I also agree about what you are saying because it is clear that it is the law of economics. but still the influence of bitcoin will always have an impact on altcoins, I'm not sure if anyone doesn't believe it.

Almost throughout the entire development of the cryptocurrency market, one could observe such a trend in the cryptocurrency market, where Bitcoin influenced all cryptocurrencies, including Ethereum. But lately, Ethereum seems to be in the Bitcoin Orbit at the same time, and nevertheless, it is showing independence, and this moment can be seen in the coinmarketcap indicators.

[Papusha20]

The price of all coins depends on the price of Bitcoin.  Because Bitcoin is the king of coins, which is why the price of Bitcoin has gone up.  Because most investors work in bitcoins.

[AlviNess]

Of course the price of Ethereum depends a lot on Bitcoin. Because for some time now I have seen that when the price of Bitcoin goes up, the price of Ethereum goes up Gets. Again when the price of bitcoin goes down the price of etherium is dumping.So looking at Ethereum's behavior, it is easy to say that Ethereum is dependent on Bitcoin.

[Dark Knight]

Bitcoin is currently the most popular coin in the cryptocurrency world. Ethereum ranks second in terms of popularity. As the price of Bitcoin rises in the crypto world, so does the impact on other coins .Now the market condition of Etherium is very good. The future of this coin is very bright. Besides, the price of Etherium is increasing. So looking at ethereum behavior it is easy to you say that ethereum is depend on Bitcoin.

[mahid]

Ethereum does not rely on bitcoin. It moves at its speed. However, when the price of Bitcoin goes up, some times effects on some coins and some times not. Because we have seen that when the price of Bitcoin is 61000 dollars, the price of ether has not increased.

[Ak600]

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

It is my belief that the price of Etherium depends on the price of Bitcoin. However, based on science, the price of all coins increases.  However, if the price of Bitcoin goes up, the price of Etherium goes up

[DAMKAR]

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

It is my belief that the price of Etherium depends on the price of Bitcoin. However, based on science, the price of all coins increases.  However, if the price of Bitcoin goes up, the price of Etherium goes up

I think the reason why Ethereum price depends on bitcoin, because bitcoin remains the King of crypto currency. So altcoins will follow bitcoin trend.  Yes, you're right when bitcoin rise, altcoin will rise too.

[Zero0]

I think the price of all Altcoin, not just Ethereum, depends on the price of Bitcoin. Because I have noticed that when the price pump of Bitcoin, the price of all Altcoins also pump and when the price dump of Bitcoin, the price of all Altcoins also starts to dump. So I think the price of all Altcoins depends on the price of Bitcoin.