I don't think so, too far if eth goes down to 2 digits. however, a lot of speculation arises, but that is not necessarily the truth. maybe that was just the effect of the bitcoin downturn and it made almost all of the altcoins go down. eth is still used by many people and the eth holder community is still large.
The only thing that we can do right now is to wait and see if what will happen after this week, the downtrend still continue and not only ETH but almost all of those coins around the market are also suffering, bitcoin while still in its bloody trend are really affecting the value of each existing coins, when BTC start to showed green light, alts will follow especially ETH which most of the time came close to BTC movements..
absolutely right, I agree what you say. seeing the bitcoin prices continue to fall, making the movements of all altcoins also unpredictable unless bitcoin has started bouncing.