The altcoins market is bleeding heavily due to another market correction in the market. Maybe after some time a week or two the altcoins market will stabilize and we should wait for the altcoins season to come. Altcoins seasons normally follows after the bitcoin season.
It is funny that you expect the market to stabilize in a week or two, when the ongoing correction phase started many months back. By the last week of June, Ethereum was trading at around $340 per coin. Currently it is trading at $187, which represents a 45% reduction in the exchange rate in a matter of just four months. After a brief phase of stabilization that occurred during the second half of September, the prices have once again started moving downward. And for Ethereum, a lot will depend on whether it can hold on to the 0.02 BTC support level or not.