Ethereum is still overpriced. Still far too many whales holding thousands of tokens keeping the price high and still possible for them to make massive sell orders pulling the price further down. Even at $100 its too expensive imo.
I agree with you. Most of Top 10 are overpriced. But I'm not sure that Ethereum will go down to the 100$ point. There is a mention that investors will try to support ETH value on 300-400$.