Well it think the down of eth is caused by many people start to stop investing in ICO and many ICO dump the ETH. I believe ETH down will give a bad impact to ICO cause they might not reach the softcap and also the number of money that they fund is likely reduce following the eth price that are drop so significantly.
But For ICO I Only Trust SciDex, The SciDex protocol sets out to unlock smart contracts for businesses. It starts by enabling the translation of written contracts to smart contracts and ascends the complexity chart by adding additional trusted, secured and proven layers.