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.
ETH price will usually depend a lot on Bitcoin price rise but I think it is only a matter of time as the value of Bitcoin has remained very stable until now. If news comes out of Ethereum 2.0 then it is definitely very important news for this market and the price of Ethereum could surpass the $500 mark. Of course, this is still only my personal prediction and everything depends entirely on the market and investor sentiment.