We need a stable Bitcoin for Altcoins market to find its grooves back, if Bitcoin keeps pumping the downward trend is likely to continue, it is the market bias reaction to Altcoins and nobody wants to be left bagholding any coins.
That's very true but I still stand by my previous call of eth <$1 in the near future.
ETh wont reach that level ever. It touched 5.5$ and Instantly rebounded. At the end of the day it was trading at $8. According to me eth <$1 is not possible.