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.
I wouldn't say bears took over, if you notice the price charts, you will realize that there has been dumps and pumps between hours and days.
And it happens to bitcoin too, because yesterday, bitcoin went to 5800+ only to go over 6000+ without informing anyone lol.
The bearish market i think is not related to any news or development.