As ICO cools down and a lot of projects are even dumping at lower prices than ICO, is there any hope for ETH prices to shoot again? Also there are some news that ICO projects are cashing out the large amount of ETH recently which even give ETH a more harder hit than other coins.
I think its about the whole market that is down at the moment. The market is in red bloodbath because of the bitcoin only. ETH however went all the way down because of the reason that you have stated here that is ICO thing and as well it is because of the net effect of the market down trend.
Will ETH come up? Yes surely it will spike above its 1200 USD rates because thats what will happen with almost all the coins that we have. ICO's will kick start one more time in the mid year so that people will start buying more ETH to invest on different project. In this period whales will play very important role and in the long run the prices will start pumping back.