I think it takes time to understand what will happen to the cryptocurrency as a whole. Startups that were released on the platform and shot on the "HYPE" are now simply not in demand. Companies that really need development now sell Ethereum, as they need Fiat to rent offices, pay staff, and so on.
It's the tough times for us now, but as a trader I'm still optimistic that we will finally have a good year this year.
ETH has been affected a lot, but it's not only ETH, most good coins in the market are down so it's whole movement and if we survive this, it would
also mean a whole recovery and what I observed when there is a constant recovery, price could go up significantly until we won't notice we have a new high.