The price drop not only happened to ETH, but almost all cryptocurrencies including bitcoin, of course this is the impact of the market dropping due to the FTX case and exchange wars, but I'm sure ETH will recover soon, and the right opportunity to buy ETH because now the price is on the floor .
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.
wrong in that mate, remember that back in 2018 in altcoin season , Ethreum made it on the top while Bitcoin is dumping that whole year.
Well in the end, ETH didn't go over bitcoin, they always stay in 1-2 position exactly as it is. Last year when the market was high, bitcoin price didn't go up as much as ethereum neither, the difference went under 2x for a while, which means that ETH got very close but yet no matter what happens it didn't drop any lower.
This is why I keep saying that it is a lot better if we could like ETH for what it is, but do not consider it as the way bitcoin will go down under first position eventually. I also believe that if one day bitcoin is not the first coin in the rankings, that could be a very risky and dangerous thing as well, I would be a little scared.
of course Ethereum will remain number 2 but at least for the next coming years because we cannot expect this to be forever because there are lots of happening in altcoin and there are many coins that that has good development and has better promises that ethereum that still hanging around with good potential .