Field values depending on value of other field

Hi,

We have 2 fields on our Lead entity called "Lead Source" and "Lead Catalyst".

Is it possible to make the options of "Lead Catalyst" depending on the "Lead Source" value?

For instance:

If "Lead Source" is "Social Media", "Lead Catalyst" will then have "LinkedIN", "Facebook", "Twitter" etc. as possible values - and only those.

If "Lead Source" is "Web", "Lead Catalyst" will have "Website", "Google" etc.?

We want this to give a better overview, so we don't have all "Catalysts" shown at once.

Thanks!