Absolutely, all cryptocurrency prices are currently down due to the influence of bitcoin being down. So later if the price of bitcoin starts to move up high it will have an effect on the increase in ethereum prices to be higher. And we are waiting for what will happen to Bitcoin next year. Hopefully good news will occur with the downtrend changing to rising.
The cryptocurrency market is not falling now, but rather, it has become more or less stable, which is just surprising. However, I agree that while the price of ethereum is constrained by the price of bitcoin. Bitcoin due to its high level of capitalization has a price dominance over other types of cryptocurrency, including ethereum. At the same time, according to the charts, the level of Bitcoin capitalization is steadily falling. Perhaps the time will come when Bitcoin will no longer dominate the price of cryptocurrencies, and then perhaps the price of each cryptocurrency will be determined mainly by the prospects for the development of the coin or token itself.
As for ethereum, it is, of course, one of the most promising coins among all cryptocurrencies.