for now, ICOs are driving ETH price. As long as they continue at current pace ETH will trend up on demand.
that is what scares me the most when I want to invest in ETH!
because we all know that ICOs are mostly scams waiting to happen, and the rest that aren't scams are big failures waiting to happen.
and when these ICOs start to drop like dead bodies they are, they can take ETH price down with them the same way they pushed it up.
And new ICO's will come over and over again, so I think it is possible for ETH to reach 0.2
BTC in next few months.
Besides, not only ICOs are pumping eth price, bitcoin fees and slow transactions are doing that too.