A hard down spike to $0.50 range is in the cards.
BTC went $1200 to $150, and ETH is going to run an even more wild version of the same pattern.
Being fair the dust will likely settle around $250M in market cap, but the noobies will refuse to be wrong, so we're going to hear about $9, $7, $5, $3 this is the absolute bottom then too the MOON! $125 ETH for months ... "ether" ... kids look up the definition ... some in the BTC camp are still high off 2013 fumes and buying the idea of $12500, $125k, $million/per bitcoin hype.
If the Ethereum price go down to $3 or less, I will try my best to buy as many as I can. The price could be $125 when PoS starts.