Ethereum in early April was not in the best shape. ICO began to withdraw funds and the coin fell sharply to $ 400. Miners in a panic, and traders saw the picture and bought. Now ETH grew up and went to school. But thanks to what he was able rage?
Do you think EOS really affects the price of Ethereum?
If EOS rises a lot so that it can threaten the position of ETH as the number 1 altcoin in the market, then yeah, it could definitely cause some panic within the ETH investors and cause an ETH dump. However, we are nowhere near that stage yet.
ETH is currently being somewhat bullish, despite the rest of the market being bearish.
I personally think that it'll have to correct sooner or later, though. Don't be too bullish on it.