If that happens, I will make sure to buy more ethereum although I know that it will not easy for me to buy at the right time. Hopefully, the price will not go down too far so we don't have to be worry because if the price drops, many people can panic at that time. Although if the price drop can be our chance to buy at the lower price, it will need time before the price can be back to the higher price.
If the price of Ethereum drops to $130, this will be a catastrophic price and could cause the entire market to collapse in a short time. I think this only happens when the Bitcoin price cannot recover and the bear market continues its downtrend. Of course I didn't expect this but covid-19 is getting worse so anything can happen.
I won't think about catastrophic price or not, but I see that will be like a golden price for me to buy more ethereum
But I don't think that the market will collapse because somehow, the market will survive even if there are drops in the price. Every coin will try to survive, even if it's just for slow movement because we cannot underestimate the market. The market has a long time journey which means it will still trying to rise again after the drops.
I really can't see it dropping to $130 (will be devastated if it does haha). Agree though, with oil now at a negative value I think anything is possible in this COVID-19 situation. Crazy times.
Calm down. Even if the crypto market is dropping, or ethereum is dropped to $130, it will be back to the high price. Maybe it is time for people to move to the crypto