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.
It seems to me that someone bitcoin artificially collapsed. I dont know about Ethereum ...
If you believe that bitcoin has been manipulated, then you should also believe that it could happen to ETH.
Remember that ETH do follow the movement of bitcoin since bitcoin has been controlling the market per its dominant rate, so the answer is very easy.
Bears taking control now, but it does not mean it will be hear forever as the market situation could change in an instant, that's how unpredictable market is compared to the stocks.