People are not surprised that ETH prices drop below $240 or below $200 because the market is always hard to guess. At the beginning of 2018 when the price of ETH was over $1,000, no one thought the price fell to $ 250 but that happened. So nothing is impossible.
It's nice to mentioned also that it has dropped at $80, which is very low compared to its high which was over $1,000.
You are correct, nothing is impossible so since the market is bullish, we should also not underestimate it's potential to rise even higher than its current ATH.