Without ICOs, there would be no Ethereum. Without Ethereum, the crypto market wouldn't have grown so fast. It's attracting a lot of capital right now.
and no ETH would be a bad thing
as Spoetnik rightly put it "ETH was morphed into an ICO coin cloning platform"
Crypto doesn't need alot of capital right now, we shouldn't be judging the success of Bitcoin (or any crypto) on how high its priced in fiat, crypto success is about usability as a p2p currency and acceptance as a currency.