It's not depends on bitcoin and it's never increasing in term of the bitcoin value. it's really sad to see that ohw ethereum was doing something doesn't seem good for every holders. it keeps loose its value in bitcoin terms but ethereum is only pegged to the dollar value of bitcoin. This situation is worst compared with the price of ethereum before IEO booming.
Never increasing again in Bitcoin value, in ETH/BTC pair. Are you so serious about that, my friend? I believe Ethereum (not only this coin, but other good altcoins too) will rally considerably in Bitcoin values in just a next few weeks, at least they will start rallying till the end of this year. Price drops simply to play as preparational, reconsolidational prerequisites for future rises.