ETH-ICOs now bring the ETH price down. because they all need to sell to collected ETH before the other ICOs do the same....
I don't think this is the main reason, but who knows. I don't even follow ICOs and I don't know how much money were raised so far to have a clear idea on the impact, which dump could cause.
I think everyone with at least half a brain knows we are in a bubble. What's the reason of latest Bitcoin increase? 100s of thousands unconfirmed transactions? How about all these crowdsales and ICOs based on Ethereum? All these "exciting" projects? Why DGB is close to 900 satoshi? DOGE? My personal opinion is that the price of a coin (or whatever) should be justified with usage and I don't think that usage of digital currencies has increased THIS much. Don't get me wrong - I'm also excited with the latest BTC increase and everything, but I'm always thinking about the future and now I think it looks scary...
Do read this:
https://pastebin.com/ZUxTmR99Agreed with most of this and I'm basically "believer" (i.e. I do think that Bitcoin is going much higher), but there's a lot of uncertainty, caused by all these greedy *******...