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.
Yes, the teams are cashing the crypto currencies out when the ICO is successfully finished. In average, the one ICO gathers 20 million USD, so this amount of coins comes to the crypto exchange markets in order to be sold. Some ICOs adopt not only ETH, they receive BTC, therefore Bitcoin is under financial pressure in the downward direction too.