However we need BTC first to go back to $17K before we even think of ETH at $17K. I never really took these log charts too seriously, eventually there needs to be a top somewhere.
According to the practice of last years, if BTC price will start to grow, BTC dominance index will grow too. It means that alts will go down at the same time, ETH is not an exception. Will we see a cheaper ETH then?
In dollars, definitely not in btc, it is quite likely.
I think its too early to go into the negative while there is a chance and the option of switching to POS a chance for growth remains. Hope that project fees will grow anymore. The market finally fell and the projects almost do not gain air, which means it is no longer needed as it was before.