I think people have started leaving ethereum for bitcoin. Bitcoin is the strong digital currency which is mainly recognized by the world and it has been accepted as a method of payment. Traders are turning to bitcoin as its transaction fee is also coming down. Unless there is some reform in ethereum, the coin cannot get momentum.
It is happening because of their price dropping. Ethereum needs the strong support from the crypto supporters. Initial time people does not know more about the stable cryptocurrencies.
But now all people and can easily classify which is the best project and which is the team to move ahead.
Finally users wants to make money and they will choose such projects only.
ETH still have a lot of supporters but not really enough to push the market. It has to say that I'm one of those supporters but what it initially happens to the market today is a huge market condition and not only ETH experience falls but of the entire crypto market. Will I know that most of us worried about this recent drops but I don't think this will be the end of crypto but rather to think of new start-ups.