No way it's going to be dead.Lots of tokens are based on Eth.Eth is ok.These are not the good times in crypto market.When the time is ready it will go to the MOON 
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.Just like bitcoin and all other coin in the market, ETH has been strugling a poor condition in the last few weeks. But ETH is not dead, it just struggling and just like BTC it will recover also in the next few years. Many have believe to ethereum, it has a bright future next to BTC.