ETH only recovers when bitcoin recovers and I also believe that eth is the best investment besides bitcoin. ETH is currently being dumped on the market by FTX hackers. Obviously, this is a good opportunity to buy ETH, and I believe it won't get a second chance.
This is quite true because Bitcoin controls the whole market, without Bitcoin pumping no other coins pumps. After Bitcoin pumps then other coins like Ethereum starts pumping and this starts the altcoins bullrun as investors look to cash their Bitcoin profit into other coins. Ethereum is the second most trusted cryptocurency in the market.
With Ethereum usually we get coins like BNB judging the ride and the list continues so you don't have to be worried with the current state of Ethereum as this is just temporary and not because the blockchain is losing it value.