Is the price of Ethereum dependent on Bitcoin?

[anshor1]

Bitcoin has a general influence on the entire crypto market due to the pairing of most of the coins including Ethereum to Bitcoin on the market. Also, Bitcoin holds more than half the total number of crypto investors.
However, the price of Ethereum is dependent on several factors not on Bitcoin alone. The major factors include the performance of ICOs because more than 90% of ICOs use the Ethereum Blockchain.

Yes It is true. The price of ethereum dependents on bitcoin. Because Bitcoin is the King of crypto currency.

[ayuaja]

Somehow, ethereum price is greatly influenced by bitcoin. As we see the market, the movement of BTC will directly affect the movement of all altcoins including ethereum. We could not deny the fact that BTC holds greater share on the market. Although, there are many factors affecting the movement of ethereum but it's undeniable that a large portion of it is by the influence of btc.
ICO's have a share on the movement because most of project are basing their platform on ethreum blockchain. A large circulation of the coin was put into the ICO market.

Just like bitcoin, ether token is written from the blockchain network named Etherum. Initiated by the former bitcoin writer Monthly, Etherum slid in 2014 to continue decentralization.

But different from Bitcoin, Ether is open. So, a software platform that uses ether for non-centralized transactions. At present, Etherum is traded with a value of more than US $ 472 and the overall value reaches US $ 45.5 billion.

[aldenlim]

Bitcoin has a general influence on the entire crypto market due to the pairing of most of the coins including Ethereum to Bitcoin on the market. Also, Bitcoin holds more than half the total number of crypto investors.
However, the price of Ethereum is dependent on several factors not on Bitcoin alone. The major factors include the performance of ICOs because more than 90% of ICOs use the Ethereum Blockchain.

Yes, and you'll notice that whenever Bitcoin is going down Ethereum will surely going down too even if Ethereum has a
fiat pair on some major exchanges but Ethereum is really depending on Bitcoin's price.

[Dynamite]

Due to the fact that bitcoin is the first ever coin in crypto that probably manipulated the market flows. Bitcoin can influence to move the market wherever bitcoin goes whether to pump or dump.

[inewoods]

Bitcoin has a general influence on the entire crypto market due to the pairing of most of the coins including Ethereum to Bitcoin on the market. Also, Bitcoin holds more than half the total number of crypto investors.
However, the price of Ethereum is dependent on several factors not on Bitcoin alone. The major factors include the performance of ICOs because more than 90% of ICOs use the Ethereum Blockchain.

Not dependent but inter-related. It is like Bitcoin is the parent of ethereum and when the parent is taking some blows indirectly the child ethereum will still be affected.

[Joankii]

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Not dependent but inter-related. It is like Bitcoin is the parent of ethereum and when the parent is taking some blows indirectly the child ethereum will still be affected.

Yes, I agree with your words, all coins are automatically connected to Bitcoin. bitcoin rises even all prices must be very valuable

[Luis]

Sure thing is all coin on the market have price connect with Bitcoin price, if Bitcoin go up, they will up and Bitcoin go down, they will go down too. That the reason why Bitcoin is the father of all coins

[PreshB]

Yes  you  are   right ,  the  price  of  ethereum   depend    on   bitcoin,  knowing  fully  that  bitcoin  is  the  Chief  of  all  the  cryptocurrency

[Taufiq-yy1]

Actually Ethereum's price is not dependent on Bitcoin as long as Ethereum can be consistent in running its market. Because Ethereum is very good and it takes many projects in the ICO to become tokens.

[jonathancool220]

That's right, friend!
When cryptocurrency in 2016 and back is very contradictory between Bitcoin and Altcoins.
Bitcoin goes up, Altcoins goes down and if Bitcoin goes down then alcoins also go up in price.

[pragna]

Bitcoin has a general influence on the entire crypto market due to the pairing of most of the coins including Ethereum to Bitcoin on the market. Also, Bitcoin holds more than half the total number of crypto investors.
However, the price of Ethereum is dependent on several factors not on Bitcoin alone. The major factors include the performance of ICOs because more than 90% of ICOs use the Ethereum Blockchain.

Yes you are right i think. Most of the ICO are in ETH tokens so that eth is so demandable in crypto market and people also has a faith about eth. Six months ago i was believe that ETh price also depends on BTC price but some days ago i saw that one side BTC price is up but ETH price going to fall. So how i say ETH price depends on BTC price ??

[alfian141]

I don't know why if bitcoin up, ethereum and all coin goes up to. May be some one ot group manipulation crypto market, the have lot of money to do this. 1 family richest in the word may be.

[sornaakter01]

If we look at things like this, then we look at it as if we look at it like weird, we can see that if the quality of bitcoin is reduced, then the value of all coins is reduced to the value of the coins, so I think all the coins have a bit of bitcoin.

[Hicebldi]

Bitcoin has a general influence on the entire crypto market due to the pairing of most of the coins including Ethereum to Bitcoin on the market. Also, Bitcoin holds more than half the total number of crypto investors.
However, the price of Ethereum is dependent on several factors not on Bitcoin alone. The major factors include the performance of ICOs because more than 90% of ICOs use the Ethereum Blockchain.

Ethereum is interesting and because it is not completely dependent on Bitcoin, many investors who have already appreciated the Blockchain system will continue to use it by developing this market and attracting new people to cryptocurrency markets

[vegasus]

I personally think that most altcoin price is dependent on the Bitcoin. BTC is the most trusted cryptocurrency. many people still make this crypto as the indicator of the cryptocurrency condition. The market also shows when the price of the BTC is down, the altcoins will follow, so does the Ethereum. Moreover right now, this altcoin (ETH) is still in the bad market condition, so it is normal for this.