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.
Shitcoins are doing better ? Every day some shitcoins are being pumped and dumped hundreds percent who cares.They will burn in hell in long term.ETH drop is bad sign for whole market.