Yes, the probability to see ETH at $200 or less is getting very high now. That's really bad for the ETH. Other altcoins did drop too, but ETH is one of the worst. Shitcoins are doing better... Like Bitcoin Diamond.
Did anybody advise at the spring '18 that ETH can cost $240? It's a surprise. And for ICO team special. If they don't fix some budget in the fiat I don't envy them today. ETH in the last time have correlation more then 1 to BTC price 
It dump faster then BTC