Do you think it will still go below that?
It's really hard to predict, i'd say. Even experts find it hard to suggest a profitable season. In fact, many of the predicted bullish season did not materialized.
Many a times, prices starts picking up only to drop again drastically. And that is not singling out eth alone, the entire cryptocurrency market is suffering and struggling.
And with that, no one can really say how low eth can go. But as long as the price/value going down the hill applies to all cryptocurrency, even bitcoin, then we really should not panic much for eth. It is just an indicator that the crypto economy is in a temporary bearish season and will soon see a stronger market again.
And to support eth, remember that it is a utilitytoken more than anything else, it is driven with a purpose, it is a facilitator for hundreds of decentralized applications out there. So we can all be rest assured that eth will be here to stay for a longer period which makes it a wise investment.