first ETH has to be dumped down to go down to its real value then we can talk about bouncing back. although the real value of it is not easy to determine because its only utility is ICOs and they are failing these days.
some say its value is below $50 though.
after it reached that price then it will surely starts having pumps again. although i doubt that it can ever go back to its ATH, that price was a one time thing.
A lot of speculation about the status Ethereum as posted on the market, it was over taken by another coin just recently, but it doesn't meant that Ethereum will be out of the Crypto or ALT coin Market, remember, Market is Volatile, It is unpredictable, and these applies to all in the market. I am optimistic that it will bounce back and regain the previous status on the market, it is the volume on investment put in by the investors for Ethereum is crucial now, Market correction always follow after the market glitz.