Ethereum is making some surprises move and it has over take ripple again in terms of market capitalization. It is also good for ethereum hodl as the downward trend seems to affect ethereum more than any other coins in the market. Ethereum was having a very large market capitalization before and it has never been competition with ripple throughout 2017 were we have great bullish trend but since last year it started to compete with ripple. It is currently around $121 and has made +2% today.
It there is an eventual bull run now, considering the rate at which the market is growing, there will be a sequential rise in the price of ethereum.
There lots of factors contirbuting to both the uptrend and downtrend of ethereum
Considering the fact that ICOs make use of it. It has given it widespread usage, which makes it to be very volatile.