Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.
Technically Yes because bitcoin and Ethereum are base coins to most altcoins especially the ethereum. For example, if 10000abc coins worth 1 eth at (150usd). If ethereum price now does x3, that means 10000abc coin is now worth 3eth = 450usd. The case can aswell be negative.