Now a bear market, so it's not surprising that many currencies are overburdening hard times. Ether is no exception.
Now many ICO projects are also going through hard times. After all, the situation is unpredictable, so investors are not in a hurry to take part in ICO.
Theoretically, the price of the ether can drop below $100.
But despite all the negative aspects, the ether is still an excellent coin that enjoys and will enjoy popularity. At this moment there are no worthy competitors to ether. The price of the ether will definitely grow in the future. This is not a cheap project with a 251 (for example) position of the
https://coinmarketcap.com. This is coin number 2 from the top of all existing crypto currencies.