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.
For me a single sell off is never an indication of the coin being bearish just like a single spike up is not an indication of it being bullish.
Calm down. The trend is only reflecting the move Bitcoin did and Bitcoin is reflecting other markets. S&P500 took a hit 2 dfays before Bitcoin.