Do not rush to buy, perhaps this is a small correction before the next price drop. I already bought Ethereum in September for $ 220. Now regret it.
You can always average your ETH investments. If you bought crypto not for the flip, but for the long term, then $220 is a good price. And like I said, average.
You can buy now all the best cryptocurrencies, not only Ethereum. I do not think that we have to be depressed with this bearish trend. This is the coolest chance for each one to invest in altcoins.