This is not impossible as weve seen this coin hit that price several times, but what is for sure is that this coin will always recover so better use this chance to get some.
Everything is possible in crypto due to its volatility. It was around $500 few weeks ago and now it's nearly hitting $400 while sitting at $430+. Before everyone is asking if ETH will hit $400 but now we don't want to hit it back at $400 because that's pretty low from the recent price.
Its now $440 but the support line is too weak. Its really sad to see the price free fall as well, similar to bitcoin. I just got lucky to dump a few of my stash at around $600+ in mid May because I needed money that time. But just like bitcoin though, Ethereum has a good chance to bounce back because we all know that investors are just waiting for that one news that will make the market turn into a bullish one. If that happens then all crypto including Ethereum will recover, but I don't think it will hit 4 digits this year. Maybe a good $800'ish will the best in can go, in my opinion.
Once the Bitcoin price recovers then automatically all other altcoins prices will recover including ETH. But what we expected when this year beginning that price ETH will not reach. Still half year is there let's see how the market will react in coming days i think there is no positive news regarding this cryptocurrency that's why investors are just holding their money and not investing in any coin. maybe in a couple of months, we can see a slight improvement in all coin prices let's see.