It will after the negative news is priced into BTC fully. Plus, the market needs relief from the dump. Once this is resolved, we expect to see a higher price with time. Dimon's remarks on bitcoin being a fraud have also hampered chances of a more expensive bitcoin. Bitcoin touched $5,000 early this month and it can still touch it after the Chinese ICO regulations are released. The remarks made by the JP Morgan executive also showed that he is hoping for a more vibrant community for ethereum since he is part of the ethereum alliance. But, Bitcoin is the founding cryptocurrency and the technology of the blockchain is derived by it. Ethereum can and will never be more expensive than Bitcoin. Perhaps, slightly lower in market capitalization. But the amount of remittance and value bitcoin derives stands to be unprecedented in the entire life chain of cryptocurrencies and cryptoassets.