Hello, You know guys most of reason why ETH falls down because of a lot of scammers used the smart contract and make a bright idea about for the future but its only fake. They always convince the investor using their good marketing strategy and once the investors are convinced so they invest their money. And once the scammers has a lot of ETH accumulated from the investors the will sell immediately so they can affect the whole market cap of ETH. What do you think?
I don't believe that scammers have affect on ETH price, ETH follow by the all market trends, bitcoin and all market capitalization grows and ETH grows, otherwise it falls with all market.
Well, I think that they have a impact but not big as real ICOs because most of the projects collect money from Ethereum smart contracts ans they have millions of dollar worth ETH. They sell huge amounts of ETH every month or so.