We can't expect Ethereum to strike high when the market is still in a bearish situation. There are also lots of events and occurrences that affect the price of Ethereum. Even the global economy is in a bad state so Ethereum alone can't rise and recover. We all know that most altcoins rely on Bitcoin which is also currently at its bearish price. I think it will still take time before Ethereum could recover.
The market is not really looking good and it's obvious that all of the cryptocurrencies in the crypto market are not gaining high despite being all-updated and developed, unlike others. The good thing about it is they still alive and they are staying alive despite this never seen tragedy in the crypto market where people are losing their trust in Centralized Exchanges. Today we are in a good scenario when we see the other exchanges working well and doing their usual activities because of what happened, they are getting hard to acquire new customers, and also this is the same thing for the Ethereum investors as well.