The ETH would further decrease to the price of $200 as it's the real worth of the coin and after that would gradually increase in price as the coin improves.
The current bearish market is the correction of large pump last year.
Really? The last time that ETH also went down to around 0.04 btc ,they also said that it was a correction. It was a relief tho that it went back up to 0.08 btc after a while.
I don't know much about the market and trading but I do not think that $200 will be ETHs price after this crash.
Maybe the fact that btc is also crashing olays a part on why eth isbrwaching it's lowest price these days.