For etheruem selling below $200 is worrisome. Etheruem showed a very good drive up just before bitcoin halving but it has been on dropping since after the halving, what could be the reason? Bitcoin has been adding some profit but etheruem is still behind.
Probably because ETH investors are:
(1) Shifting their assets to BTC because of the halving
(2) Investors already taking their profit with it reaches above $200
(3) Just grew tired of all the hype on ETH 2.0
That's really the difference between Bitcoin and the rest of the altcoin market, and that is the reason why Bitcoin is still the King because it is the most sought after assets in crypto.