I think this is the influence of the ICO, most ICOs only accept ETHs and I think this is caused by the developers who sell their ETH and make it fiat money at the same time, so if this goes on the ETH price can go down to $200
I agree. This cycle of ICOs that is causing the drop in prices is encouraging more investors to buy more ETH, and businesses cashing them out. I wonder what it will take to trigger an increase of the price.