When the crypto market was sky high, we have seen almost the same ratio within BTC and Eth price increase. When bitcoin price was 12K or more, ETH price was 600 USD, Bitcoin hits the 19K USD Milestone and ETH hit 1500 USD! But at this moment, the bitcoin price is 6300 USD plus but ETH pice only 285 USD! So, this ETH downtrend can impact bad effect on bitcoin? We know eth and other coins price ups and downs depend on the Bitcoin. Then what is now?
I do not think ETH can affect the bitcoin price that I believe in the opposite direction, it is a bitcoin that affects the ETH, you can see that lowering the bitcoin price does not only affect the ETH but also makes the price of altcoin fell sharply and currently there is no sign of recovery. You can see that the market is currently in a volatile and long-term bearish trend so that bitcoin prices may continue to decline.