As I predicted some weeks ago, the price is collapsing. The early hype made a lot of people blind. It is like for every new hyped coin. The pattern is always the same. Another factor is the high inflation. The current fair price of Ethereum is somewhere between $2 and $3.
The price is still around the 0.02x. If it is 20% down from here, I still think it is collapsing. That is normal behaviour.