The eth price is really normal right now nothing is happening and nothing to worry as bitcoin price also fall hard today Im sure eth will do the same and once reversal occurs then eventually eth will follow btc but if not and remains at the bottom then theres something wrong with eth but I cannot see anything bad for now just go with the flow buy the dip.
ETH dropped 11% today,
https://coinmarketcap.com/currencies/ethereum/... that is not normal.
The only normal here is when ETH will bounce back again and will start to recover back to $200 usd, but I am more concern with BTC now, hopefully it will not drop back to $6K again.
The conditions of the market are terrible, I think that we can finally confirm that we are in a new bear market, the price not only went down very quickly but it is also giving signs that it wants to go down even further and this is no good news for all of those that are holding altcoins because most likely what we're going to see is that people will begin to panic and will sell those coins and buy bitcoin or in the worst cases scenario they will begin to sell for fiat afraid that something similar happens to what happened in 2018.