I don't see any strong long term momentum right now, to consider ETH bullish. The bottom line I can see is 88$ and 44$ which I will be in with all I have if we reach them!
I hope that the price of Eth will not drop that much which you expect in the coming time. I am sure that in the coming week the price will go better and another rally in the prices of crypto currencies will start. Then the price of ethereum will also be much better and will reach to its ATH price.