Market cap is falling without brakes, and today some whaleshave transfered thousands of eth to exchanges (some of them, are big whales that acumulated eths from since their price was few cents).
When this whales sell their eth for some million dollars the falling will be tremendous.
The price of ethereum will probably not fall to 40$ and i like that. The constantinople update is imminent and that certainly brings new momentum in the price of ethereum. That is why i am confident the price will not drop to 40$. I am not a crypto expert, but i am pretty sure.