The price of Ethereum will not increase as long as people will sell their shitcoins for ETH and sell ETH for BTC or $. Too many projects on Ethereum were useless.
Useless projects? I don't think that Ehtereum is the reason why proects is useless. We can find dead projects in NEO or Stellar networks as well. ICO investments it is like ventures investments, only 1% or less projects will be successfull. It was clear always.