Well If Bitcoin fell from 20 to 6.5k in some period of time we can't expect that Ethereum holds his max price of 1430$ at the same time. So in that way, yes, but the whole market went down as investors pulled out their money out from every coin. So if we look it like this then no. Ethereum will be more independent when his development gets into a serious phase and we can see a more useful coin that actually works in the real world.