ETH is having a bad time in the market just as all the other crypto. It still has over 15% market dominance and is second only to bitcoin. I do not see Ethereum being negatively impacted with the price falling because it is a market wide issue. It is currently trading at $1156 and would not be a surprise if it fell below $950 within days because of the uncertainty surrounding crypto investors.
If whales try to manipulate the market it will not work especially with the prices low compared to the very recent highs. What will they gain from it?
ETH fell to as low as $950 this June 13, which is the proof that the whale sold its ETH possessions. Indeed, the economic situation is in red zone and the complete crypto market cap is under 1 trillion. This free fall is crazy however anticipated. ETH is additionally impacted however everyone love ETH, and will hold until better times comes.
IMO Ethereum can go much lower and nevertheless stay trustful crypto asset as volatility is a natural feature of any crypto project nowadays and would be so for some time more. And as for single crypto assets any can be manipulated by whales as even bitcoin does still not have big enough market cap to not to be manipulated.