Many scam projects were created this year..They've done a lot of damage to Ethereum..I don't think other projects can pass Ethereum..Ethereum will gather itself soon.
It is a big disaster happen around and all crypto coins we've been affected. BTC and ETH have a big influence in the market including the price change. As this 2 coins down, the entire market will go down also. Thinking of their recovery won't have any clue when, but the growing possibility is still there and it absolutely happen later.
Yeah this disaster happened to all cryptocurrency, it means the problem of weakening prices not on internal Ethereum, but on the entire cryptocurrency market, when crypto is back popular, surely Ethereum will also rise. recover definitely happens especially the big coins like Ethereum