Within a period of just 2 weeks (August 1 August 14), the price of Ether, the native crypto of Ethereum network, plunged by 44%. In two weeks, the price of Ethereum dropped from $470 to $260, marking its lowest point this year by plummeting below the $300 mark for its first time since early November last year.
The whole Crypto market faced a sharp decline in real valuation, losing almost $150 billion of its real valuation in within a month. However, Ether, which performed particularly well against the US dollar over other bull Cryptos such as Bitcoin and Bitcoin Cash, easily turned out to be one of the worst performing Cryptos in August.
Read the details in the article of Coinidol dot com, the world blockchain news outlet:
https://coinidol.com/icos-created-a-strong-44-downtrend-for-ether-in-14-days/[im g]https://coinidol.com/upload/resize_cache/iblock/739/900_900_1/7396855ec1795da3a6c5e8ef2c129c14.png[/img]
Putting all the blame on the ICO's is a bit harsh if you ask me.
Basically all coins out there have dropped incredibly low recently, ethereum has been doing a bit worse than the rest but it also got high while all others went down before that as well, I believe ethereum tried to hang on as long as it can but eventually cave in and dropped as well which made it a sharper fall but still the same numbers like others. Hence, do not put all the blame on ICO's but also market has to get the blame as well, market is down for every single coin, why not for ethereum.
If you look at it that way, there is now way ethereum could have stayed up.