The bigger the bubble the longer it takes to unwind. The technology will be as important as amazon or google is in the future, but the valuation has gotten so far ahead of itself.
The current value that eth brings to the table is being able to know who owns which 1995, 15p JPEG NFT. That's reality.
I think a $450 ETH is reasonable, but i will need to see a very long stage accumulation phase/bottom before beginning my buying campaign.