There were some thoughts about the continuous dipping of ethereum, and the most understandable for me is the end of ICO hype.
There not a lot of ICOs today, and whats more - all of 2017' ICOs need to cash out to pay side jobs, maybe development, maybe marketing and etc. so the price can continue dip.
That was just a gift for these ICOs to receive eth that was 1200 instead of 200-300. And maybe when the price will go closer to 200 they can sell it immediately and we can see the bottom of the price