how can ETH, which was supposed to be a "stable" coin, drop a 85% since ATH? taking in mind it is also used by nearly 90% of ICOs nowadays.. how can drop that much the price? absolutely nonsense
although bitcoin price drops it doesnt mean that the price of altcoin design to drop also, bitcoin price drops late last year and it continous until the 3rd quarter of this year and the alts price drops recently, we should not connect the bitcoin price to the price of todays price of alts. Other reason behind the drop is that there are many ICO's that ended up to be a scam one.
There are lots of coins in the market that the investors choose to deal with maybe that is also the reason why the other coin especially the btc and eth drops its price.