i don't think so ETH price will back $300 because it has erc20 network and ETH is need for each ico that's why not possible to drop down $300 so guys don't worry about it.
I thought the same. I thought that eth would not fall below 500$. I was sure that as soon as eth falls below 500$, people will immediately buy and don't let the price fall lower. I was wrong. Now I do not know what will happen next with eth. I bought eth for 1050$ and wanted for a long hold. Everyone said that it will grow, because almost all ICO pass on erc20. I very much pay for my mistakes. I don't know what will happen next with eth( and the price may drop even lower