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.
Nope, I don't think that the bears took control, Bitcoin has been suffering from the corona news, as others have said, so obviously it will trickle down to the altcoin market.
But look at the market today, everything is all green again, ETH didn't even broke the $200 so meaning there are huge support itself. That's why we really don't need to panic, just sit down and wait till the market settles down and we will see a good bounce.