Ether is the second strongest coin after bitcoin, I have never doubted ether's future even though today it dropped more than 5%, when the market recovered, I was sure that Ether could pass the highest price position.
The reason why ethereum still maintain the number 2 spot on the capital market was because the whole crypto communities trust and believe in the team with the project capacity. However, ethereum was not the only coin experiencing the current drop in price you mentioned because Bitcoin also does experience it and I believe it because the capital market are closing for the weekend.