Why would you hate this, Im a supporter of all crypto currency.   One of these standards has to suceed or we are all subject to just government paper for the future and we know that ends up with the common people being poorer.
Its ETH or it goes back into dollars or some other normalised currency base where that user may never return.     Really if you believe in the whole deal behind crypto currency then you should be in favour of healthy competition, if ETH is achieving things then great.  If its a bubble or mis-allocation and hype then it'll fall over but this is also how people described bitcoin at first.    They saw no purpose, just speculation but Im not so negative on bitcoin as was at first glance and I hope ETH is making progress even if Im not in it.

BTC is stair stepping upto 1050 which should be some kind of marker for its progress.   I wasnt sure if it might reset to 850 which is longer term uptrend but the recent low was part of a channel to that trend so Im not sure if its done testing lows, watching Chinese trade might give more of a clue .