As we can see that the market of ETH is again becoming the weak one and there is no way it is even trying to come up with the prices of 300+ and they should have been 500 USD per coin by this time and thats why it is hopeless to see it trading at such low rates.
I wish to see some comments from the people as to why this situation is getting harder for the ETH specifically and why it is not in the recovery mode yet?
Is ETH becoming project which will be overcome by any other projects out there?
It's not that so hot but due to the fact of almost new ICO are scam then this is mostly the reason of the decline of ETH in the market. Even if bitcoin hasn't been recovering yet this will also affect the prices of most altcoins in the market. So if any new project will be coming out they should consider the risk of being scam in the end. Most investors are now taking safety precautions before investing their money and it cripples mostly of the projects.