As LTC did in back 2014.. ETH is breaking its histroic trend line support that goes back to 2015 !
a possible dip between 20$ (Yes TWENTY $)- 100$ is very likely while BTC cointinues to regain its market dominance of 90%
I have the same feeling with ETH. It just won't bounce, even when BTC is bouncing strongly. Very weak performance currently. However, I only see this scenario unfolding, if BTC also does a bearmarket with a low at 3k. Then yes, ETH will tank down in to the 50 USD range. It will dump much more than BTC percentage wise, so that BTC dominance will go up a lot. If however, as your other ideas indicated, BTC could do a rally this year, then I think ETH will also start pumping at some point, as all the altcoins will basically start pumping again in a BTC rally. So let's see what BTC will do hehe.