I think it is very excessive if you think ethereum is dead, because I believe that ethereum has many advantages and is used by many people so that it has a bright future.
even though many ICO projects fail, it does not mean that the time is over, but we must be smart in choosing between the best and most potential ICOs.
It is not very excessive saying it today because we are seeing it right now. ETH is not the only one that offer any company to start their start up in cryptocurrency, we have Stratis, NEO, STR, and others.
They're making a progress this year while ETH itself technically did nothing so far.
Does not that mean, this year ETH fails to meet up our expectation and 'DEAD'?