I said ethereum was a bubble at its peak. No one listened. It's not just ethereum - it's what the ICOs are doing to its economics, and those that can't understand destabilization will remain clueless. It's not going to the moon unless the ICOs stop, or at least majorly slow down.
Why do you think this is the case, wouldn't an increase in ICO popularity theoretically increase the value of ETH by encouraging use of the token (giving an actual use to the currency), considering the majority of these ICO's are purchased using ETH or BTC.
I'm rather impartial to both, I feel like ICO's in essence are great for the economy (minus obvious scam attempts), but definitely investors do need to place some more research into these. Unfortunately, I don't feel like regulation is the answer, as this ultimately goes against the idea of decentralized currencies in the first place.