Since ETH's price is still trading near this year's low, do you think ICOs, specifically ERC based, will be greatly affected? Or do you think price won't matter as long as the project is with great quality?
What affects the general market is just not basically ETH movement, it is the fact that it is a bear market and every single market as a whole is touched. An ongoing ICO project will not be affected and moreover, this is usually the time when a lot of investors always want to accumulate ETH anyway for the long run, so that when the time comes in the long run to invest in ICOs and when the market generally increases in value, it would be easy to get to see the chances of being able to invest more.
A lot of the ICOs are doing badly lately because the general market condition is not favorable for growth, but has nothing to do with Ethereum price.