It is not more than 4months ago I was a beliver of "the flippening". Now it seems very far away.
But the honest truth is that hype around ICO's with massive Facebook marketing, did drive ETH prices up a lot during Q4 of 2017 and during Q1 it was time to cash that out so they could build their projects, that has put a lot of pressure on ETH, which you would not find in the same manner with BTC, since most ICO funds are in ETH.
Yes ofcourse not only by the eth. But all of the cryptocurrency. All of the cryptos as of now are going down and i dont think the real reason to that. But thats really bad happenings as of now. We should keep supporting these tokens and wait for it to come back.