Recently ETH dropped below $300 , what do you think the future holds ?
Of course I still believe in it ETH is a great altcoin that's why it is in the rank 2 in CMC, this is the problem to those investor who dont read a project's whitepaper and other important details of a project, everytime they see the market is falling they are switch their mind easily and sell their coins immediately while some of the good investor are taking advantage of their panic selling which is in lower price's.
Do you think it will still go below that?
No one can tell you what will happen exactly, but it is normal that when bitcoin's price is falling all other coin's will be affected.