How low can things go though? I guess fairly likely is another 10-20%. I would say more unlikely is a 30-40% drop. I have a hard time seeing more than that personally. So the high hundreds I would see as a hard floor for ETH.
There are expectations that the rate of decline will be much more than that and may exceed 40 percent.
I find that this is normal due to people's fear that modernization will not succeed, especially since many experts have spent the past months discussing the disadvantages of modernization compared to its advantages.
Trading platforms will play a major role in restoring users' confidence in the network, which will always be linked to the contribution of miners to support it.