Although the whole market is red, I'm very much afraid of holding ETH now. In my opinion, ETH was fluctuated to its ATH when people were more interested investing in ICO. Nowadays ICO is almost dead. That is why it has less demand. I don't think it will get another ATH soon.
What's your thoughts on it?
in current market conditions, it is indeed awry in holding coins for a long time, but if you hold ETH you better be patient for a while until the crypto market returns to normal.
Look at this coin as long term investment, there are many investors who are involve to this project who treats this as there long term assets,
Alongside with bitcoin, ETH also good for scalping if you do understand the market flows, if you have time to manage and observe how the
movements will benefits you, you can buy low and sell high, if being trapped you can adjust and deal with long term.