I prefer to check ETH vs BTC , rather than vs USD at this moment. It seems it is still highly influenced by BTC (and even though I think BTC will go up, I believe ETH will lag behind until it reaches proper support).
ETH fell through some key levels at 0.62 and has gone down steadily ever since. At this moment I don't see it hitting support until 0.47 (and if that fails) 0.43.
Depending on BTC and ETH's reaction to it, we will see how 'independent' ETH actually is.
Hold on tight.