Very well may be.
My technical reasons (apart from overall feelings of potential eth inferiority based on many characteristics):
1. eth Jan 2018 peak of 1400 is the the time equivalent of 2013 btc peak. the consequent decline should be at least to $188.
2. btc had several bubbles and declines. This is the first for eth, so, potentially, this is rather an equivalent of btc bubble to bottom move of $32 to $2 (2011). In such case, bottom would be at around $88.

Conclusion: it is entirely possible that eth would bottom at $88-188.