Although the whole market is red, I'm very much afraid of holding ETH now. In my opinion, ETH was fluctuated to its ATH when people were more interested investing in ICO. Nowadays ICO is almost dead. That is why it has less demand. I don't think it will get another ATH soon.
What's your thoughts on it? Should I hold now?
Even if ICO are not doing well, a large % of all existing projects are based on the Ethereum blockchain. I do not see that change anytime soon. EOS so far not really going anywhere. If anything the current bear market helps cementing the position of ETH and giving them time to address the issue of scalability. So I would keep ETH.