Quote from: anandaijun on September 07, 2021, 10:08:06 AM

Quote from: hari9981 on September 06, 2021, 11:16:41 PM

Quote from: anandaijun on September 06, 2021, 10:22:47 AM

This week Ethereum has increased 23.90% but is still under $4K. Bitcoin has crossed the $50K price or is already at $51K and is almost heading towards $52K. Data-wise, Ethereum is not keeping up with the effects of Bitcoin's rising price and I'm not sure Ethereum will hit $5K later this month but I'm aiming for $5K by the end of the year.

Could you share more information that support your opinion that "Ethereum is not keeping up with the effects of Bitcoin's rising price", because afaik Ethereum usually follows the rising effect of Bitcoin's rising.

The data can be seen on the coinmarketcap website. Logically what happened this year when the price of Bitcoin had reached $52K, the price of Ethereum was still at $3.7 and $3.8.
Then you can also compare when the highest price of Bitcoin occurred this year was how much Ethereum was at that time. To me that's a rare occurrence in the crypto space.

Indeed ETH is far below BTC so we cannot see that the price of ETH has increased in price after the price of BTC rose first.
We can see that in the crypto market every time the price of BTC goes up, the prices of other cryptocurrencies also go up.
We can make tangible evidence, for example we usually buy ETH using BTC around 0.07BTC, the price of 0.07BTC is equal to $4,200 (this condition the price of 1 BTC = $60,000).
If the price of 1 BTC rises to $90,000 then the price of 1 ETH which is 0.07BTC equals $6,300.