You are really right about that, ethereum has really gives major ways that leads to it dump for a long time now, it has given way for different ico in the previous years and 80% happen to be scam a now here we are, it keeps struggling to rise even btc at that price it hardly hit 250.
If ethereum were in a standalone coin and like Bitcoin, then it would have had quite better results, but since the ethereum is affected by all those projects that use erc-20, we therefore have corresponding results. It is a pity that many teams eat to sell ethereum immediately after the ico company.
It seems to me that just the EPC-20 projects give Ethereum additional forces and we see a fairly high price now for this coin.