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 the price of Ethereum increases when there are more ICO projects in the scene as many people then buy ethereum for buying their tokens from the projects which are providing their sale with ethereum coin.
And as now we are seeing that the time of ICO projects has been started and many people are now ready to invest their money in it then once again the price of ethereum will increase. With that it is also a chance that the price of bitcoin will also increase because of the trust in crypto.
In same scenario you have point since most ico project are ethereum based which reflect to ethereum cases, We cannot say that ethereum are dead since the market situation are really crusial and most altcoin are in red blooded zone. Sooner or later ethereum will pump up to the moon again this sitiation is not permanent every altcoin are suffer on what happen to bitcoin (low market volume, and decrease of confidence)