After a long time, Ethereum price increased well but it seems they failed to keep the high zone for a long time. Today Ethereum price decreased more than 25$ and it continues. Just seen an article that Ethereum price may come to 230 to 210$, so, if that happens then under 200$ is not that far!
The price of Etereum depends primarily on the price of BTC. It is said that ETH goes for BTC. But this does not mean anything, since if you invested in ETH for the long term, you just need to wait for its growth. Of course, the price of ETH may drop below 200 USD, but soon it will go up again. The only case where the price of ETH can no longer rise is when the entire crypto industry comes to an end.
You've noticed everything right imo. Whole crypto market is tied up and if it will fall - it will do it as a whole.
and right now every cryptocurrency is claimed as one exact thing (by the majority of people ofc). as long as this impression lives crypto market won't change