There is no simple answer to this question. Ethereum and Bitcoin price movement often appears to be correlated, but there are also times when the two assets seem to move in opposite directions. It is worth noting that both Ethereum and Bitcoin are still relatively new asset classes, and as such, the market is still trying to determine the true nature of the relationship between the two. Some believe that Ethereum and Bitcoin are indeed correlated, while others believe that the relationship is more complicated than that. At this point, it is still too early to say definitively what the relationship between Ethereum and Bitcoin truly is. However, as both asset classes continue to mature, it is likely that we will gain a better understanding of the correlation between them.