As far as I can see, bearish sentiment persist in Cryptocurrency so far! It has been happening since end of April and this should not be a news. When will there be a reversal? may be very soon as market has not fully get to it's price potential! Bitcoin could still be $100k and ether could be $10k this year!
Yes, hopefully that can be achieved in the near future, because if Bitcoin can penetrate $100K for onen unit and Ethereum can be at $10K in one unit, I'm sure there will be many people who are profitable and some will always praise Bitcoin and Ethereum for that time.
Bitcoin and ethereum will surely go hand in hand so if bitcoin reaches new ATH, the other coin has all its possibility to reach new ATH too. I think most of the coins will do the same once bitcoin is in a peak.
The present market condition is definitely in a bearish season but even if we see prices in dips, there's no need to worry because if we closely think of it, bearish season will always be a perfect time to add potential coins in our portfolio. People may worry when they see their investments falling this time but didn't realize that after this, huge profits are waiting if we just grab this chance to accumulate more cheap bitcoin and hold them for years.