Is the price of ethereum dependent on bitcoin?

[xanxus.kun]

I believe that price of Ethereum is partly dependent on the current value of Bitcoin, the higher the demand the better the price of the Ethereum is. We all know that Ethereum is a great platform so when the market is on the bullish season - definitely the value of Ethereum will have a domino effect.

[UNIVERSE]

I think that all altcoins will depend on the Bitcoin progress, price, and also market.
Let's see:
- Bitcoin is up, the price of altcoins are down,
- BTC is down, altcoins will down again.
BTW is sideway is the chance for the altcoins because they commonly use it around

[Jaya60]

As the Bitcoin price rises, so does the price of almost all coins. Even then the Etherium platform will be further developing in the future. The current situation is that I saw the Bitcoin price go down from $58k to $50k but I saw that the Etherium price went down. Therefore, it can be said that any increase in Bitcoin price has an effect on any coin.

[Batch18-19]

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

The market may not be completely dependent, but 60% depends on Bitcoin.One thing you must have noticed is that when the price of bitcoin goes up or down, the price of etherium goes up or down.So looking at these trends, it is easy to say that Ethereum's market is somewhat dependent on Bitcoin.

[Tnoy30]

The ETH platform has a lot more transaction crowd. So it gained popularity. Currently the BSC platform is gaining popularity. However, ETH is a popular currency in the cryptocurrency market. The price of ETH does not increase as the price of Bitcoin increases. Its future is expected to be much better. So there is a lot of investor traffic.

[raisajahan]

There are many altcoins around the world ethereum is one of them. Every coin in the market don't depend on other coin ethereum is not out of that. So i think the price of ethereum is not dependent on bitcoin.

[wxxyrqa]

in my opinion, Bitcoin somehow has a huge impact on the entire cryptocurrency market. You need to pay attention to the indicators of Ethereum, how it is developing and how it reacts to the growth of the Bitcoin exchange rate. In my opinion, Ethereum is already leaving the altcoin and becomes a full-fledged coin with its ecosystem, which is on a par with Bitcoin and even surpasses BTС in some respects, and therefore Ethereum can fully and independently form its development and pricing.

[zilzylian]

There are many altcoins around the world ethereum is one of them. Every coin in the market don't depend on other coin ethereum is not out of that. So i think the price of ethereum is not dependent on bitcoin.

I understand what you mean, but why after Bitcoin price fell the altcoin price, even ethereum price went down.
The situation is very complicated and I think in the future the price of altcoins will not depend on the price of Bitcoin, but it will be difficult because Bitcoin dominates the crypto market.

[Crypto Banglu]

I think the price of all Altcoin depends on the price of Bitcoin. This is because when the price of Bitcoin goes up, the price of almost all Altcoin rises and when the price of Bitcoin goes down, the price of almost all Altcoin goes down. So I think the price of all Altcoin depends on Bitcoin.

[therozaq]

I think the price of all Altcoin depends on the price of Bitcoin. This is because when the price of Bitcoin goes up, the price of almost all Altcoin rises and when the price of Bitcoin goes down, the price of almost all Altcoin goes down. So I think the price of all Altcoin depends on Bitcoin.

That's true, I also think all of crypto currencies are depending on bitcoin, We all know the crypto price always follow the bitcoin trend. That's normal, because bitcoin is the King of crypto currency.

[NANCY]

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[Spaffin]

If we compare the difference in the price of Ethereum and Bitcoin in 2017, with the indicators of 2020 and 2021, then we can conclude that Ethereum is very much behind bitcoin in percentage terms. but nevertheless, the pattern of the same trend persists, and if Bitcoin rises or falls in price, Ethereum follows it.

[pacar_tiri]

If we compare the difference in the price of Ethereum and Bitcoin in 2017, with the indicators of 2020 and 2021, then we can conclude that Ethereum is very much behind bitcoin in percentage terms. but nevertheless, the pattern of the same trend persists, and if Bitcoin rises or falls in price, Ethereum follows it.

Of course, we all know bitcoin is always be trend center. So, if bitcoin go rise, I think Ethereum and other will follow.. I agree ethereum price is depending on bitcoin..That's true. I hope bitcoin and altcoin price will soar at this year.

[Prime]

Yes, if you analyze how the Ethereum price is growing, it mostly depends on the Bitcoin price. But it is not always following the Bitcoin price trend. Sometimes Ethereum can increase even if the price of Bitcoin is in a sideways phase or decreasing. Ethereum is one of the altcoins that mostly follows the Bitcoin price trend, but it shouldn't be in all time.

[Astra]

I think the price of all Altcoin depends on the price of Bitcoin. This is because when the price of Bitcoin goes up, the price of almost all Altcoin rises and when the price of Bitcoin goes down, the price of almost all Altcoin goes down. So I think the price of all Altcoin depends on Bitcoin.

That's true, I also think all of crypto currencies are depending on bitcoin, We all know the crypto price always follow the bitcoin trend. That's normal, because bitcoin is the King of crypto currency.

I do not see anything normal in the fact that a decentralized cryptocurrency has a rigid price dominance on the part of one cryptocurrency - bitcoin. Although recently there have been many cases where individual altcoins do not follow the price movement of bitcoin for some time, however, in general we see that as soon as bitcoin rises in price, then altcoins, as a rule, rise. If bitcoin falls in price, then altcoins turn red.
I don't think this will always be the case. The time will come when there will be no price dominance in this market.