Etherum has huge demand in the bull markets which arrived in the mid 2017 but after those bull markets, the price for etherum was drastically on the down trend which ended up somewhat near $100 to $200. In early stage, ETH had huge benefits like smart contract creation, etc but now also there are some alternative platforms which allow the similar functions to carry in minimum hard work like waves, etc.
So, ETH is somewhat going out of trend which might not keep the support that strong for ETH which would than create an outbreak which would be hard to stop. We might expect something good if etherum network gets back in the race.
I am personally more caring with Bitcoin at this time. Bitcoin affects cryptocurrency in whole. when Bitcoin is good, it can affect to altcoin, including Ethereum
Bitcoin is struggling to break its resistance, it feels so hard for breaking that point. But the halving is near here, I think Bitcoin would be pump in short
when Bitcoin pump, then it is time for altcoin. we are possibly to get another altseason then.