I expect a major bounce. The harder ETH has been driven down the faster it will increase. In my opinion it is rubber band type effect. As BTC rebounds we will see positive ETH movement, but as long as ETH is primary ICO coin/token, we will see an undervalued #ETH
If another coin like #NEO for example starts to be used as an alternative to ETH the #sellerdemand will be eased and #ETH will be less constrained by sellers.
I also think there is a big reason for ETH hodlers to worry with the steep decline in ICOs. My take here:
https://steemit.com/crypto/@maxxxks/eth-price-decline-and-ico-volume