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.
In my opinion the ethereum price decline is due to the price of bitcoin falling to $ 5,000. If the price of Bitcoin rises again above $ 10k, I think the ethereum price will go up because the ethereum price againts Bitcoin still stable