Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
Based on my experience, I think the value of ethereum is not based on bitcoin because there is a scenario that bitcoin value goes up and the value of ethereum goes up and sometimes the value of bitcoin goes up and ethereum goes down so I think they are not connected to each other.
Such things happen when there's big positive and negative news about ETH. If there's no global news, the chart of ETH is tightly connected with that of BTC - you may lay one chart over the other and see such an obvious thing!