Of course we hope that the ETH price will soon recover, I am also surprised when the ethreum prices continue to drop and have reached $ 200 last week, I think there is nothing wrong with ethereum, but the market conditions made the price of cryptocurrencies, including ethereum, to be affected.
Yes. I believe that the current downtrend on ETH's price is only normal and temporary, as it's prone to become bigger and stronger than ever within the future. All other alts (including Ethereum) have been on a constant decline in price, because Bitcoin has also been on a sharp decline over the past days. Whenever Bitcoin soars, alts will do the same. On the contrary, if Bitcoin falls, many alts fall with it too.
Given that Ethereum will become the most highly demanded cryptocurrency for interacting with smart contracts, I'm confident that its price will rise over time. The target price of $2,500 may not be reached by the end of the year, but it will be within a couple of years from now. As such, if you invest into ETH now while it's still a PoW cryptocurrency and its prices are cheap, you could greatly benefit in the future once it becomes a PoS cryptocurrency (giving you passive income) and prices start to rise. Therefore, Ethereum has a high probability of increasing in value in the not-so-distant future. Just my thoughts