Ethereum IPO "Project" will soon go back to sub 1 dollar price, because there's not enough fools to maintain the price.
Whales have to dump before buywalls are being deleted causing a permanent downtrend similar to other failed altcoins.
This means ETH is dead.
It depends on how useful the smart contracts are - if they show potential then more investors will come in, if not then you may be right.
The Ethereum is unique due to the built in smart contract platform. If nobody uses it, the value will be zero.