Well this dip has been going on for more than a week now (started last Saturday, before the China ICO news). I'm wondering how much longer this is going to take...
There was all the China Banning on ICO stuff a couple of Days, plus the market was indeed overextended upwards. This could be a good opportunity to buy I am waiting, my opinion though.
I think it is best time to get rid of this shitty coin. It is going to dump hard in the coming years and I know people are panic selling at the moment. Eth is a real loser among digital currencies and I think soon it is going to disappear from the crypto world. No need to hold this coin anymore.