keeping in view the bearish trend, I think if you are looking for long term investment then its perfectly fine to buy eth at this price since eth has the potential to go way up in the long but for short term traders this price is a bit high. since market is already coming back and I think we will have bearish market once again.
We can't stop the trend of bearish market while there's no sufficient demand that could trigger bullrun, in order to correct the latest price movements. There's an opportunity in every dipping of eth and btc value, so to have the chance of accumulating more holding, don't ignore minor dumps. Grab every single opportunity in order to acquire huge profit.
for long-term holders of course he has strong faith in the coins he holds, both Eth and Btc. both types of coins have the potential to be invested. but for a short-term trader who wants quick profits, of course he will choose to trade on bitcoin because the price has increased and decreased unlike Eth which looks quite stable and certainly will not provide profits in a short time