There is no way that ETH is touching $50 no matter what are the market condition. Unless the whole market get screwed badly and people start getting out of it, ETH is not going down to $50. That would mean disaster not only for the ETH but for the whole market. ETH has enough community support and the token has utility factor which can keep the price above $150 at least. Moreover, there is a huge volume of trade carried out through ETH. It has the demand part working for it.