the consensus seems to be that due to all the ICOs hosted by ETH, seems like logical reasoning, so it's not that surprising.
people buy into ICOs with ETH > company sells it for fiat
seems logical, and now that the ICO frenzy is over, maybe ETH by itself doesn't justify its pice
good point out there mate,and added unto it are many of the ico that uses ethereum as platform comes to be scams or shitcoins.those coins that after projects end the coins die together with..and maybe other reason is market is bearish so all coins leads by bitcoin are dropping prices in which a common scenario yearly i guess