It looks like the pumper is having difficulty finding people to dump at a high price. ETH does not rebound much at all and I think this selloff is going to continue further. Bitcoin halving is coming so I think ETH holders will cash out. The price of ETH could go below 0.02 in June.
Not sure why you think the bitcoin halving will have a negative effect on ETH (or other alts). Its more like the opposite - those who have been hodling bitcoin in the hopes of a price jump on halving will likely bail into alts when that jump doesn't come.
Get back to reality.
Bitcoin.