Ethereum is the best partner of bitcoin, during 2017 ethereum prices were around 5% of the price of bitcoin. when the bitcoin price is $ 5600 then the ethereum price is $ 280
But why since 2018 until now when bitcoin has reached $ 11 707, ethereum is still $ 227. The ethereum price should be $ 585.
What happened
if bitcoin price is $ 20 000 then ethereum price is only $ 600 
But why since 2018 until now when bitcoin has reached $ 11 707, ethereum is still $ 227. The ethereum price should be $ 585.
What happened
if bitcoin price is $ 20 000 then ethereum price is only $ 600 First and foremost, what you need to understand is that back in the years 2016 and 2017, ethereum was paired with Bitcoin on most exchange platforms. This made any increase or decrease in Bitcoin to affect the market value of Ethereum. The introduction of stable coins shifted the exchange pair of ethereum and Bitcoin. Ethereum now has all its pairing on most exchange platform with stable coins. Due to this, the change in the market value of Bitcoin does not directly influence the market value of Ethereum.