ETH has dropped 10% within 24 hours, ETH is in real danger as it may turn bearish at this time. We can clearly see the bullish movement is slowly fading and this is also the lowest point. After a massive rally from the past two months now it's going to red zone, The eth ecosystem has to show some major improvement else I am sure bears will take control.
The entire altcoin market is collapsing, the main reason for this collapse is that bitcoin has broken support and prices have gone too deep. Over the next few days the price of bitcoin will certainly continue to decline and $ 8200 will be the next support target for bitcoin. And until then, I think that the price of ETH and altcoins in this market will go down as well