I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.
I'd like to confirm your opinion and observation, this is indeed what's happening and this is the reason why Ethereum price is very low, not only eth but Bitcoin as well because majority of these ICO's also accept Bitcoin, unless some form of regulation or update so they can restrict scam ICO it will continue to happen.
Not realizing that ethereum is not the only cause of low market we are affected by some other factors related to shark supply and demand altcoin purchase ...