due to the reduce numbers of having ICO project the demand of eth are just minimize right now which ICO is running on ETH network. Right now we are in IEO phase which most market use BTC or USDT but dont worry eth will bounce back then BTC is starting to have a bull run
It's not time for ETH anymore this year, but overall the market really looks bad, so even other coins have not recovered yet the way it was expected to.
BNB is the king now because of the increase of IEO and they are the most exchange when it comes to IEO.
This could be similar to ETH's time in the past but IEO is more stable as there's less scam in this platform compared to ICO.
So let's just hope ETH could come up with a more exciting news to again attract investors put their money on the coin.
When bitcoin coins starts to recover the rest will just follow and we need ETH, XRP the big ones to start rising.