NO.2 or 3 does not matter much in these market condition honestly, because the gap between the two is very fragile and not substantial. Once there are new issues, then Ether will rebound aggressively. When the ICO market returns, Ether will quickly test $200.
The margins of both are very small in the size of marketcaps. Marketcaps ETH has declined since the collapse of the crypto market, and the weakening popularization of ICO investment, but of course marketcaps will be much larger if the crypto market conditions improve, and ICO becomes popular again..