Almost every discussion about altcoins majorly is centered around ETH, this has taken over the first page of the
https://bitcointalk.org/index.php?board=67.0 section. This goes to show the important of the coin in the space and how much premium is being placed on it. My belief is that ETH will not die and most ICOs will continue to launch on the network. This will make the price to back up as the demand for it will increase.
Yes, it is it's the most preferred token and platform in launching an ICO, everybody here has ethereum wallet and tokens the only surprising thing is why it dropped to the number two spot and why the price is dropping even though the support of the community is here.