As we can see that the market of ETH is again becoming the weak one and there is no way it is even trying to come up with the prices of 300+ and they should have been 500 USD per coin by this time and thats why it is hopeless to see it trading at such low rates.
I wish to see some comments from the people as to why this situation is getting harder for the ETH specifically and why it is not in the recovery mode yet?
Is ETH becoming project which will be overcome by any other projects out there?
As far as I understand, Eth became so weak this summer because many projects started selling the coins they collected during ICOs - excess offer lead to the crash of Eth's price. Consequently, the prices of other altcoins bound to Ethereum rapidly fell several times.
I don't know how much time it would take to recover, I just hope that the situation will not become even worse and Eth will not again fall below $170.