First I'll admit. I've been around the ethereum community for 18 months. I helped get etherex off the ground back then as well. I bought the presale and have been slowly accumulating since launch. I'm buying and holding for at least 10 years.

The reality of the price is, it ALL depends on Homestead. BTC speculators were jumping in at a rapid pace as BTC was dipping and there were rumors of Homesteads imminent release. As those rumors faded a bit, came to the reality that it was still a couple weeks away, and BTC started to rise, that money went out, for now.

So why am I thankful for that? Pretty simple really, it gives us a 3 week break for cheap prices. There will be a domino effect of launches and good news once Homestead goes live. This will include more exchanges who are waiting for a stable release to launch Ether trading. In doing that we will see more ability for people to directly trade USD/EUR for ETH as opposed to it being constantly pegged to BTC. This will add some independence to the currency. At the same time we will get improbably DApp launches from Augur and Slock.it. As they gain popularity and people wonder what they're all about, the ease of entry into ethereum will be much easier at that time, creating a steady market cap rise as popularity continues to grow.

This price rise from $2.50 to $6.50 was too soon but it proves how fast this will move as it catches on. Take advantage of this dip over the next couple of weeks and strap in when Homestead is released.