The current market also indicates it and now the new trend IEO or Initial Exchange Offering is doing well through a good platform and people enjoyed it.
The research from The Block cleared it by giving some proposition with relate the market. To know the rest just follow the link below,
https://www.theblockcrypto.com/tiny/analysis-ether-holdings-of-ico-projects-gradually-falling/
This news is in favor of Ethereum. I understand that people want Ethereum to rise in price again and regain its former greatness.
However, in the face of a falling altcoin market, this is unlikely.
Ethereum needs altcoins to start to grow in price, this will push investment to the crypto market, which is good for raising investment during the ICO. The main coin used for investing is Ethereum.