No, I don't think that is a bad sign.
I think it's more of a sign that eth is trying to establish a new baseline.
Obviously, people still love it and support it, but there is a lot of speculation as to whether or not it can compete with the newer smart contract platforms.

My guess is that after it stabilizes, it will once again rise along with btc.
In the long term, eth has so much going for it that others just don't have.
It has market penetration, brand awareness, and the largest crypto network.
People will flock to it when they start to see bullish signals.