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?
Ethereum is still best for a long term hold. So if you've been holding it for a long time, you already know how it moves. The price or even the market situation might be shakey right now but we all know that Ethereum has a strong foundation already so panicking or doubting won't help. Just like Bitcoin, ETH is also unpredictable yet it could surprise us as BTC strikes high in the future.
Yes, and there is continued development. Without fail the growth happens with time, most of the cryptocurrencies show similar growth pattern. Once after price drop the growth happens, considering the market it is always good to hold. Holding ethereum is the right choice, even the price crash that happened days back have now once again started to move forward little by little. Some experts too predicted a big rise of ethereum over the years.