Why's the price gone back down? Is it because when ethereum goes up bitcoin goes down and the ethereum dump is over now, or is ethereum doing a dead cat bounce?
I'm no ethereum supporter but eth is really far from being dead. When BTC price moves it's like a tsunami: it's a matter of big numbers. ETH still does not have that power. This is why, so far, all altcoins are generally traded more when btc price is dormant.