Is the price of ethereum dependent on bitcoin?

[Arybes]

Ethereum has its own technology and the platform is also good. I think ethereum doesn't depend on the increase in bitcoin.

[Tiana1]

Yes it is, the price of ethereum is dependent on bitcoin. Not just ethereum, all other coins and tokens. We can see that the whole crypto market was down just because bitcoin price fell, all other coins price also fell because non can stand on its own. So yes, ethereum price is very much dependent on bitcoin

[jet]

Ethereum has its own technology and the platform is also good. I think ethereum doesn't depend on the increase in bitcoin.

On the contrary, ethereum and all other crypto is depending on bitcoin. It does not yet happen that altscoin are moving independently. There are some cases maybe that they are moving oppositely to bitcoin but generally speaking they are all following the footstep of bitcoin.

[Delgboke]

Yes that's why you can sell altcoins fall when bitcoin drops in price etherum depends on bitcoin but sometimes etherum price we grow when Bitcoin drop,

[Watu_pawon]

there are so many coins that depend on bitcoin, and I think one of them is ethereum, because we know for ourselves that bitcoin is a coin that determines many cryptocurrency.

[Warung_lontong]

I invest a lot in coins, and that is one very good idea so we don't worry too much about the coins we have and we can calm down.

[Eben]

If you actually study the trend in crypto currency, there is actually no doubt that either directly or indirectly the price of all other coins are mostly dependent on the trend of bitcoin.

[vegasus]

If you actually study the trend in crypto currency, there is actually no doubt that either directly or indirectly the price of all other coins are mostly dependent on the trend of bitcoin.

Yes, it is true. It is no doubt that Bitcoin influences Ethereum. When the Bitcoin price is increasing like today, the price of Ethereum follows it. I think it is normal since Bitcoin is like the main coin in crypto space.

[hope167]

in this time, we can see that the price of ETH base on bitcoin, if you often observe market you can realize when the price of BTC go up the eth too, and oppesite.

[Domithra]

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

Ethereum is one of the few coins on the market with real life usage due to its unique smart contract which allows projects to create their own coins on the Ethereum Blockchain. Before the 2018 long bear market, Ethereum appeared quite independent and could make market price surges without waiting for Bitcoin to rise before.
Currently, Ethereum seems to be largely affected by the price movement of Bitcoin without being able to rise independently if Bitcoin stays or decline in price.

[pelana vreo]

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

When the price of Bitcoin approaches $9,000 the price of Ethereum also rises and wants to reach $300.
This is what I see from coinmarketcap and price movements Ethereum always follows Bitcoin even though Eth is a little slow to increase the price

Investors also still think that the price of Bitcoin will continue to rise because the amount of supply decreases,
if we see ethereum there are indeed many projects but price movements always follow bitcoin because in crypto coin exchanges both are always the choice (BTC / ETH)

[Stalky]

yes I think the altcoin price will also depend on the price of bitcoin. because bitcoin is also a good and most important coin, because bitcoin also looks very popular throughout the world

[moonuranus]

By the looks of it almost all the altcoins are dependent to the price of bitcoin because bitcoin are mainly used in the exchange to be paired with any altcoins so its pretty much connected by the price of bitcoin

[mimikri]

in this time, we can see that the price of ETH base on bitcoin, if you often observe market you can realize when the price of BTC go up the eth too, and oppesite.

 Yes, it depends on Bitcoin also they are different and use different protocols as well. Hope that this year Ethereum will reach more than 500 dollars.

[Andruha1993]

I also think that the price of ETH depends on the price of BTC. Because when I look at coinmarketcap, I always see that when Bitcoin grows, then ETH also grows.