I used to think that, as the value of bitcoin appreciates, so also should the value of Ethereum. But it seems the reverse is the case.
My question is, Why is it so? I need your opinions, for clarity sack and a better understanding that would really stand as a guide.
This was the first pattern many economists of crypto observed in the spring of 2017, when Bitcoin was making its early emergence from the old barriers of $1,500. As Bitcoin rose, almost all the other alts did as well. This was when Ethereum also broke $400. But, later, as Bitcoin corrected, and then again moved upwards, the other coins failed to repeat their performance. So the theory that all crypto was linked was disproven.
Today, alts move against Bitcoin when the latter weakens. This is now the hegemony removed.