The reason is quite simple actually. Ethereum , like any cryptocurrency or blockchain rather is subject to the court of public opinion. More people are interested in blockchains like Tron and EOS and traditionally Bitcoin. The demand for new coins on Ethereum is slowing as the need for new coins become exhausted. People are tired of putting money into coins that have no real purpose. The problem with Ethereum is as the capacity decreases, and the demand for new coins slow, it is loosing its luster amongst investors who are looking to new tech as the future such as TRX. Until Ethereum gets its house in order, I would expect much of the same. Now.. As new idea emerge and new possibilities are found, Ethereum will have a resurgence. Like any good investor or advisor would tell you... Good ideas with good management and better than the best with poor leadership and vision. Ethereum has ALOT of strengths long term, Buy it now while it is cheap!
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Everything is correlated in this market. Look at LTC...there's never been a reason for special demand of that, especially now. We see a currency as oversold as ETH is and you'd think there'd be more demand for that over something like LTC. I think it will come around...it's just always delayed. Look at the boom of ETH in Jan vs Dec for BTC. The charts shaping up to have a good spike here.
I agree. It is cyclical, though easily influenced. It will come back around.