In my opinion I still feel Ethereum price is still to high, can someone tell me why Ether should worth $500 with no real world usecase, there is need to us to come up with some usefulindex for valuing some of these coins not just on hype and specualtions.
By this I'd guess you feel Bitcoin also has no real world use case? Transacting in ETH be it via Local ETH, exchanges, privately is a more efficient and simple process than BTC. The network is maturing pretty well and if POS works out and we see a tiny fraction of the ICO's coming to fruition I think all will be just fine.
$ price isn't really relevant anyway as it's all tied to BTC.
Your exactly right, that's why altcoins keep falling down it is because the BTC is in a dip. They are all depending in BTC once it rise up we will the price of other altcoins will rise alaso.