Ethereum decline occurred due to unstable market conditions that could even be said to be bad besides that, the price of GAS is high
Many make investors not transact using the ethereum platform and what happens demand will be less maybe when both factors support ethereum price will go up
Yeah it could be, some people might not be willing to use ethereum as of the moment due to continue rise in fees brought by the over hype for DeFi projects running on ethereum network. But the price of ethereum is significantly high compare to its price 3 months before, it doubled up actually gaining strong stand in the market right now. Wait til the upgraded version comes out and see the power of ethereum, altcoin king!