I will say this is the entire market, not just ETH alone. The entire market has been on the deep red over months now, when Bitcoin having touched the ATHs of $60k, and now the price of Bitcoin is on a -50% from it's ATHs, this same applies to ETH, and now we are all waiting for the correction to conclude and start seeing the greens again. As we are waiting with our fingers crossed, we should also be cautioned that anything can still happen.