In my opinion , it is impossible that Ethereum is shitcoin. Ethereum platform has been used so many projects. The proof is that eth not go down under $100 . In fact the price of eth is above $200 , now.
That's right, Ethereum tokens cannot be categorized into shitcoin, because there have been many project developers who use smartcontrac from Ethereum, and also many have succeeded, meaning Ethereum cannot be said to be shitcoin even though sometimes it has decreased prices, and we cannot judge a coin. only through price alone.
The price decline is only a corrective process of the market, it is only reflected the demand of eth is decreasing but trading volume can still prove that ethereum's value is not a shitcoin, the buying and selling volume is very large, the market capitalization is still not low while the definition of a shitcoin is low volume, easy to manipulate and few people know about their technology. ETH is still the second largest bridge in this market, if it is truly a shitcoin, perhaps this market soon became a dead zone with no participants