Upvoted! I share your concerns about Ether. The hype cycle at $400 was out of control. Investors were talking about $5000 Ether which to me seemed to be a raging bubble. See this article, the author makes the case that the only justification of the current Ether valuation is for financing ICOs. If more ICOs blow up, so it could be a long way down for Ether. http://www.coindesk.com/analyzing-ether-bitcoin-investors-skeptical-take/