He give reasons why Ethereum will go down to $60, but I doubt if this is going to play out. Ethereum is not only using for icos and tokens are not only converted to Ethereum but to many other coins. The reason why Ethereum is going down is because every other coins are going down. Bitcoin is like a central bank to every other coins and if it is bearish there is no way Ethereum should remain bullish because people are investing into icos through it.