You mean $300? ETH seems to lack the drama of BTC and Byzantium is humming along. I see the ETH dev team being active/creating off-chain solutions (whether the market will adopt these solutions is a valid question to ask) - I think these solutions offer value that isn't fully priced in.

I like ETH (especially the lack of fork drama every few months) but the only thing that's stopping me regularly buying more is a fear for what will happen to the price if the ICO market starts receiving sustained negative attention from regulators. Blog posts like this one suggest a (probably necessary imho) storm is coming: https://blog.colony.io/the-colony-token-sale-7ac14c845bc0

I know ETH isn't just about ICOs but I remain skeptical how big of a market there is, outside of the ICO world, for Dapps and smart contracts. That's before considering potential competition from projects like NEO, ARK and LISK; which could further splinter demand.

Just because its not tracking with BTC at the moment does not mean its never going to increase in value.