Now the prices have fallen much further, despite the prevalence of the IEOs. Even the support level of 0.018 was breached quite easily. And it didn't took much time to reach the current level of 0.0169. Outlook is tragic for Ethereum holders. I would expect the majority of the holders to convert most of their tokens to either BTC or Tether.
I don't think it's that tragic. The Ethereum will keep their positions. If the Ethereum is a scum, then all other violas are lower than the lower one.