LOL, how long before ETH goes in negative!! I know that whole market is affected but ETH is being affected the most % wise. I personally feel it is due to these fomo3d like games where few people are getting thousands of ETH and then they are dumping it on market. And maybe even some ICOs. Do you think there can be any other reason?
Well, for every one who is getting a lot of ETH there there is also some who are losing it. But you may be right, since the latters would probably be holders while the winnders would possibly be dumpers.
Of course that is true.
There are hundreds of ETH holders with large amounts whose cost level is $1 to $10. If they feel like cashing out a bit (more), even $100 is a great sell for them.
The price will rise only if there is a much larger wave of new buyers. If that is coming, it will take some time , probably months to years.
It comes down to the same thing with all crypto : either you believe in the long term survival and use case, or not. If you do, then be prepared to hodl , even to much lower prices. If not, then sell out now.