The booming period for ICOs has passed, so ETH is having a hard time attracting investors. I think ETh will be stuck in the long run and very difficult to return to the $ 500 price.
Be careful if you want to invest in ETH.
Eth is a champion coin for me and yes I understand the downfall of eth is really hard to see but I don't think it will be the same, ups and downs are part of this crypto trading. Also a lot of scam bounty projects have impacted the value already and I am sure eth will make a come back again with some serious pump. We are already in the last quarter and it will shine again.