ETH price is hovering around $200 for last many days similar to BTC price near $6500. It is still near its bottom price zone.
Well, it is a hard thing to tell bottom price at the moment, but at this stage, we can see that btc is really making some attempt to break the resistance on the upper side of the triangle with so many test right now which shows that if the chance to get the resistance pushed out of the way, it most definitely will be affecting every other cryptocurrency in the space as far as I am concerned.
For now, what we can just do is to chill out and wait to see how things would come about. Nothing though is happening to ETH, it is just a market that has pretty much gone down same as every other market with a chance to be buying back lower.
Actually for me it's a pretty normal movements of the market especially the price of ethereum that most of affected in the last dip. It will going to better soon we need to wait patiently.