Yes, it seems IEO is getting lower but it doesn't mean IEO is ending like the ICO projects, rather big exchange stopped bringing a new IEO as the market condition is not stable at all. Therefore people are more focusing on buying Bitcoin and Ethereum as the best buying time has come after a long period, so, they won't invest in a new coin.
Exactly, the end of IEO will not appear until something new appears and replaces, and the lack of IEO in this period is due to market fault, it does not provide a perfect condition and is suitable for investment. The next explanation for IEO's slow move may be that the market is getting bored, IEO debuted too much in a short time made people feel shocked, profitability was no longer maintained in the early times while quality decreased, and if want to limit the rapid end of IEO, large exchanges are forced to make more reasonable calculations and choices about IEO