Yes, such a price shows the true value of this coin. Although I naively thought that it would be possible to sell ETHW at a price around $100. It is possible that if the bear market continues, the price of these coins will drop to several tens of cents. It is obvious that even now the ETHW mining process is unprofitable, so the question of who will support the network will be relevant.
Those miners who don't want to get ride of their mining rigs will simply continue to mine this fork coin. And we have seen that it's been a rough start, up and down, sometimes you will see a huge dump and then followed a a increased of like 40%.
So obviously, someone from behind is playing it. But I guess this is to b eexpected just like any other fork coins in the past. And as long as there are going to be miners then this coin is going to survived.