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.
That is definitely a problem for ethereum and yet it is still the second most popular coin in the market, so there is still hope, despite its bad performance no other coin can surpass it, it is true that during some days Ripple went from third place to second place but that did not lasted, so despite its problems ethereum can still give huge profits but the developers need to do whatever they can to improve the situation but if they decide not to then ethereum could be surpassed by other coins in a few years.