ETH is more and more near $200. It might drop more if BTC drop near $6000. We don't know when the drop is going to finish... In only 2 days of drop, it is like a drop of 2-3 weeks.
I never believed that eth could go back to 200 dollars but now, I have to accept that truth, the price of eth and bitcoin has been clearly controlled, if this situation continues, the $200 mark will be destroyed and towards the lower and lower values. Many people are no longer able to calm down and hope for this market, the dark clouds and this storm has become history of cruelty, the number of people that can survive is probably extremely low when the morning sky reappears, lost faith in this revolutionary technology
I want to believe in crypto so much, but as long we have USDT printing (minting) money out of no where just to short and manipulate BTC is beyond boring.
Also, everything is reliant of BTC... If BTC goes UP, alts slowly follow... If BTC goes DOWN, then alts drop off a cliff... Imagine google stock drop by 20%, would whole stock market react and drop by 20% as well? NOPE :
That's why Crypto is nothing but is playground / money loundering service for whales!