As we all know, the exchange rate of Ethereum has fallen during the past few months (vs BTC). From around 0.035 BTC per coin six months back, the prices have fallen to 0.0205 BTC as of now. The market share of Ethereum in the cryptocurrency market has fallen from 11.5% to 8.3% during the same period. Other alts have also fallen, but not by this much.
And this has happened despite the boost it received from the IEOs. Can ETH manage a comeback anytime soon? Will the investors stop selling their ETH holdings for BTC, and hold on to the coin?
ETH can still gain ground to ~ 0.035 BTC or more later, as we all for now that only Bitcoin's price is moving up significantly compared to other Alts, but If altcoins manage to have a bull run too, ETH prices will be back within reach.
IEOs are influencing both Bitcoin and ETH prices as tokens can be bought with either of the two crypto unlike during the ICO era when it was mostly in ETH.