If the price of Ethereum drops to $130, this will be a catastrophic price and could cause the entire market to collapse in a short time. I think this only happens when the Bitcoin price cannot recover and the bear market continues its downtrend. Of course I didn't expect this but covid-19 is getting worse so anything can happen.
I really can't see it dropping to $130 (will be devastated if it does haha). Agree though, with oil now at a negative value I think anything is possible in this COVID-19 situation. Crazy times.
Yeah, oil's price went negative is not something everyone could foresee. But i think can't apply it to crypto especially bitcoin having is around the conner. Hopefully, bitcoin having could be some drive for altcoins and ETH in general.