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.
These days, price of the various cryptocurrencies don't go up on their own space, what happens is that they all move with bitcoin. When bitcoin is dropping, all altcoins also start dropping and that continues. I don't expect another lower price than that the coins have experienced the previous months but if btc starts dropping, then eth will also drop again.