With the current price drop, i havent really heard any facts to back it up, but in several places I've read that we will have a 5-6 day decline.
I personally do not think so based on the fact that there isnt anything to back it up.
For as long bitcoin's trend is bullish most of the coins including ethereum is going to have a strong support levels.Which is why it is recommended to take profits while the market is still in bullish,because the market is going to get dumped as soon sa bitcoin's value has failed once again.You should be holding your coins when you are trapped in so that you can prevent big losses from these market manipulations.