Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
In think it is true, ethereum prices rises when bitcoin price rises too. The majority of the cryptomarkets follow bitcoin. Bitcoin is the front runner and market king. Where it goes, the rest of the market tends to follow. Ethereum follow bitcoin for the same reasons every other coin does.
powers bitcoin is the reason why the cryptoccurency followed him. Why follow the market from ethereum bitcoin, power moves the markets owned bitcoin not owned any crypto. take a look at the market are down when bitcoin is currently down, and now it took a fair while to be able to rise again.