It has been a very rough day for all cryptocurrencies, which is only to be expected. Primarily Ethereum has been of interest to a lot of people, primarily because it is still somewhat of a silver standard among altcoins. Unfortunately, the $150 level did not hold up, although it would appear a slight market recovery is shaping up already.
Every single time the cryptocurrency markets go through a big correction, there are concerns over when the markets will bounce back. As is the case more often than not, that will heavily depend on what Bitcoin decides to do. As of right now, Bitcoin is stuck in the dirt and only getting pushed down deeper.