I am sure they can easily say if ICO and Ethereum are dead because they are losing money, but I am not sure what they will say if in a profit position. Indeed, it cannot be denied that there are many ICO who have failed to achieve the softcap and the price of Ethereum has dropped a lot. But the fact is that until now they still can survive and continue to innovate, even every day the new ICO continues to be born. So I don't agree if they say the both are dead.