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.
Yes you are right but not totally right, how? Not only ETH is affected in this case, even Bitcoin was affected other good coins were also affected, so i see it as a thing associated with bear market, which is, when it sets in, hardly is any coin spared. Also, the Ethereum blockchain is already solid and it's a matter of time for more solid improvements to take place. Furthermore, being the numbers 2 in the crypto market shows the team is doing something right.