1. Did you ever see ethereum dump from $13 to $4 thats why this time its dump from $1400 to $370.
2. This is how crypto world works pump and dump and very volatile.
3. Ethereum is only 100 million in circullation and it is used for issuing token thats why ethereum will always be usefull in cryptoworld.
4. Every day we saw new ico and project 80% of tose ico will fail but 20% will succeed and always use ethereum neywork.
5. In december ethereum will change its consensus to proof of stake and every one want to stake their eth. It will make the price sky rocket again.