Bad news; The trend of the chart says that the drop will continue for a relatively short period below. It seems that they might be able to go through another level lower unfortunately...

Good news; Ethereum is likely to experience a mini rally below $4000 sometime this summer, probably towards the end, breaking through 1 T$ and possibly moving towards year-end levels for a while. In a true altcoin bull market, it is expected that the altcoin market, currently at 870 billion dollars, could break its all-time high and reach up to 2 trillion dollars.
Unrealistic pricing will receive its reward until the era of ridiculous market caps.