Ofcourse people still believe ethereum will rise again with their king
Buying in lower value are opportunity to earn much if the market become stable again
But didn't know when its happen maybe end of the year or next year and so on
The important is possible to rebound again the price soon just hodl tight and patience
this is not just blind faith. there are many factors, the analysis of which gives grounds to assume the further development of the project and the growth of its capitalization.
I believe that there are factors of why people obligue to hold and I think because its not worth it to sell now with the current market situation and they dont want to sell it at loss, so holding is the best way to take an opportunity of having good profit in the future.