Is $ETH a shitcoin now?

ETH has been in a precipitous drop (like most altcoins) since early May. ETH price has been hammered with no clear indication of a trend reversal. Price is presently under the the kumo, tenkan and kijun. Chickou is lagging as well. Future cloud is bearish and the only responsible thing to do is short it (Thanks BitMex). With scalable platforms launching their respective mainnets, ETH best days (ICO mania) may be behind them.