no. I dont think eth price can go up anymore. even people need eth to join ICO but many ICO had completed will sell their ETH too. price keep freeze. we need a awesome ICO to make people need more ETH
Till now Ether hasn't shown any downward trend and this surprises me quite a lot. I thought that the exchange rates may drop after the ICO ban in many nations, including China. But on the other hand, the prices have remained extremely stable, at around
BTC0.065 -
BTC0.075.
I can say that the price of ether always depend on bitcoin (?). you can see the graph of eth and compare it to bitcoin, it have the same pump and dump time. maybe the ETH traders always follow bitcoin price for some reason.
but can't say that its bad, eth becoming resistant to regulation about ICO, maybe because the demands from ICO has decreased.