I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
If you don't what to do with your Ethereum and you cannot take much the pain for holding its because you are been stressed out due to current condition of this coin then I guess much better for you to do a cut loss to avoid experiencing more heavy stress. Since for sure you will never feel happy with slow result coming for now and maybe just think about your current loss as one of unwanted experience that you should learn from.
But if you can able to handle the stress and have other extra money to spend then much also better if you just hold it and let it sleep on your wallet while market is not doing any good. Since provably in future price would recover, but for now expect that ETH price would just play at current rate since market still in questionable condition which people don't know if we are going on a bearish or bullish season will follow up after the dump happened.
You are right! I would say that, in my opinion, the market is 50/50 on the sentiment of the future. Some think there would be a further dip because of the many factors we have in mind, others that we may go up from there because the dip already happened and bad news shaked us a bit. There shouldn't be any stress during the whole process, because it's the nature of the market to be volatile and change because of the factors we may not know before it's too late. We should strive to use the aftermath of such events for ourselves and improve, both technically and mentally.