I think the price of Ethereum will gradually decrease over time. Why?
1. Competitor 3.0 blockchain (ADA, NEO, EOS)
2. ICO continues to be depressed (because the mortality rate is too high)
When ICO loses its investment value, ETH will no longer have any use value!
Your opinion is very good although I do not completely agree. You estimate the dependence of ETH on the ICO is too large, this problem will be further verified when more ICO die.