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.
The price of ETH fell due to profit taking activity of ICO owners. They sell ETH to make money to develop the project. At present, there are too many ICO projects and that is the reason for the decrease in ETH price.