I think we will not see such a large drop in the price of ethereum. Many of my friends have now ceased to mine Ethirium. Just all turned off as there is no profit. With the growth of the crypto market, ethereum will also increase in price.
Agreed. ETH ecosystem is too large to die quick. Maybe we will see slow extinction but it's not in the one day. But I think ETH developing team and community are quite smart not to allow such end. And we will see more expensive ETH and more wide and quick ETH blockchain.