I'm not too surprised. I think it's being used as a hedge against Bitcoin until the BIP 148 or whatever the August change /fork does.
If it succeeds and Bitcoin can scale for a while, I think Ether will drop for a while as people reinvest in Bitcoin. But if it goes bad, probably good for Ether, unless the entire crypto market gets scared.
I agree as well!
Bitcoin is currently dropping too though. It seems that people have been pulling money out of crypto in general (over $3 billion in the last 24 hours). Just have to keep calm and hope for the storm to pass.
Great comment. I agree.