Based on what I observed in the current market, Ethereum is the crypto in the market that is down 90% in his All-time High, based on my research this happened because of the ICO under Ethereum blockchain, all of this ICO dump their Ethereum to fund their project, and some of this ICO are Scam projects, let's say 90%, so what will happen to all the Eth they received from Investors? dump! after the dump this guys exit scam, my prediction is we can see a $50 Ethereum this year or maybe $20, but $20 is highly unlikely to happen.
Thats the biggest problem ETH is facing, it is the most popular blockchain but this brought it to its knees unfortunately. You might be right when saying it could drop down to 50 $