ETH is down mainly because of the stagnating bitcoin and altcoin price across the entire market, and the correction that followed afterwards.

It's hard to say whether or not we'll see that low of a price again, just like the last dump. I feel like that this dump may be a lot smaller, and if that's the case, I believe that prices will probably bottom at around $450-500 for Ethereum.

$1k is still a realistic figure imho, as soon as the next rally comes, ETH will have a genuine chance at that 4 figure level, since it is known to be a lot more volatile than BTC, and as a result, usually outperforms BTC in a pump.