I think that ETH is still weak to grow strongly this year, personally I think that this year ETH will move along with other coins on the market.
This won't be attractive to watch if the market is not bullish, it will move along with bitcoin that's for sure but not sure with other altcoins.
For us to see a good market this year, we need to see bitcoin to stay bullish, and not to dump big time like what's happening today.
When we expect that it will hold at $9K but it didn't happen, it even dump below of course it has affected ETH much, which could fall below $200 also.
altcoin's dependence on bitcoin is very high, so is ethereum.
You can't remove ethereum in altcoin as any coin aside from bitcoin is called altcoin or alternative coin and the whole altcoins market is lower than the total market of bitcoin alone, and that's where they are dependent on BTC.
if you see bitcoin is now down and currently under $ 8K, then ethereum will also be indirectly affected, but ethereum is still pretty good and still stands above $ 200.
Not anymore, bitcoin dropped below $200 today, and that's the effect of bitcoin dump.
hopefully ethereum can rise again when indeed everything is in a negative position. and ethereum has had that experience that can last when bitcoin goes down.
Everyone wishes this would happen as crypto market has been struggling for years already, it's time that it will start to recover.